Bats Lays Path to Appeal SEC’s Decision to Reject Winklevoss’s Bitcoin ETF

[kreslik.news]

Bats BZX Exchange, operated by Lenexa-based Bats Global Markets, Inc. (Bats: BATS), today announced plans to appeal the SEC’s ruling to reject its proposal for the first exchange-traded fund that would track the price of the Bitcoin.

Announced in an order on March 10, the Securities and Exchange Commission (SEC) denied a request to approve the Winklevoss twins’ bid to list a bitcoin ETF on the BATS exchange under the ticker COIN. The decision also marks a setback for Bats Global Markets, which proposed the fund, after the SEC based its rejection on Bats’ inability to reach “security surveillance sharing agreements” ... (read more)