The U.S. Securities and Exchange Commission (SEC) is asking for further comment on nine different bitcoin exchange-traded fund rule change proposals that are currently under review after initially being rejected.
The SEC had previously rejected the proposals -- pursued by ProShares, GraniteShares and Direxion along with market providers NYSE Arca or Cboe -- while highlighting issues with the underlying bitcoin futures markets and the risk that the actual spot bitcoin market is at risk of manipulation.
"It is further ordered that the order disapproving [the proposed rule changes] shall remain in effect pending the Commission's review," wrote assistant secretary Eduardo Aleman.
Editor's note: While the SEC originally announced an October 26 deadline for comments, this was later changed to November 5 to reflect a 30-day comment period. The article has been updated.
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