SEC Email Line Swamped Ahead of Winklevoss Bitcoin ETF Decision

"Please stop asking," says SEC rep.

Mar 10, 2017 at 5:28 p.m. UTC
Updated May 2, 2022 at 3:49 p.m. UTC

Impatient for answers about its decision regarding a proposed bitcoin exchange-traded fund, market watchers appear to be swamping a Q&A email line during a US Securities and Exchange Commission event.

The agency is hosting an event today focused on improving awareness among retail investors about market risks. As part of it, the SEC has opened an email line for people to submit questions.

Perhaps unsurprisingly, those hungry for information about the bitcoin ETF proposed by Cameron and Tyler Winklevoss have been sending in queries to that email line. The SEC is currently weighing a proposed rule change that would clear the ETF to be listed on the Bats BZX exchange.

While it’s not immediately clear how many requests the SEC has received, an agency staffer commented on the queries while highlighting the Q&A line, telling the audience:

"I will say that, for people that are emailing in, we have nothing to say about bitcoin, so please stop asking. I don't know what that means, but that's what I've been told to say."

The years-long process to get the Winklevoss bitcoin ETF approved is expected to come to a conclusion today, a move confirmed by an SEC representative when reached at press time. MarketWatch journalist Ryan Vlastelica reported earlier that an SEC representative had similarly confirmed the planned move.

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