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