ARTICLE
15 March 2017

BATS BZX Exchange's Proposal Disapproved By The SEC

The proposal, if granted, would have established a bitcoin exchange-traded fund that market participants could invest in through the BATS BZX Exchange platform.
United States Technology

On March 10, 2017, the U.S. Securities Exchange Commission ("SEC") issued an order disapproving BATS BZX Exchange's proposal to list and trade shares of the Winklevoss Bitcoin Trust. The proposal, if granted, would have established a bitcoin exchange-traded fund ("ETF") that market participants could invest in through the BATS BZX Exchange platform.

Read our full report at our sister site, the Financial Regulatory Report.

The SEC order is available here.

This article is presented for informational purposes only and is not intended to constitute legal advice.

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