The U.S. Securities and Exchange Commission (SEC) has just filed an amendment to the proposed rule change to list and trade shares of the GraniteShares Bitcoin ETF and the GraniteShares Short Bitcoin ETF. The amendment was filed just after 20:00 UTC today, October 4, 2018.
In a separate document, the SEC has outlined that the order disapproving the proposed rule change concerning the GraniteShares Bitcoin ETF and the GraniteShares Short Bitcoin ETF (SR-CboeBZX2018-001) will remain in effect pending the Commission’s review.
The SEC has ordered that the by October 26, 2018, parties interested in filing a statement in support or opposition of the GraniteShares ETFs should do so.
“Accordingly, IT IS ORDERED, pursuant to Commission Rule of Practice 431, that by
October 26, 2018, any party or other person may file a statement in support of, or in opposition to, the action made pursuant to delegated authority.”
The GraniteShares Bitcoin ETF proposals were filed by Cboe BZX Exchange on January 5, 2018, after which the SEC delayed their initial decision. On August 22, 2018, the SEC issued an order disapproving the ETFs, but the following day stated that it “would review the Division’s action pursuant to delegated authority.”
A final decision from the SEC regarding the GraniteShares ETFs is expected after October 26, 2018.
Update – October 4, 2018 – 21:16 UTC
The SEC has released a further amendment relating to the Direxion Daily Bitcoin Shares:
https://www.sec.gov/rules/sro/nysearca/2018/34-84370.pdf
The SEC has released a further amendment relating to the ProShares Bitcoin ETF and the
ProShares Short Bitcoin ETF:
https://www.sec.gov/rules/sro/nysearca/2018/34-84369.pdf
Both amendments mirror the GraniteShares amendment in that a decision can be expected after October 26, 2018. Interested parties may file statements in support or opposition before this deadline. Bitcoin is the leading cryptocurrency by market cap.
