[2017-03-24]A Winklevoss ETF Reboot? Analysts See Uphill Battle Ahead

A Winklevoss ETF Reboot? Analysts See Uphill Battle Ahead

A decision by a major exchange to fight the SEC rejection of a proposed bitcoin ETF has little chance of success, according to analysts polled by CoinDesk.

Bats BZX Exchange, one of the largest US equities markets, recently filed a petition asking US regulators to reconsider a ruling on the bitcoin fund proposed by investors Cameron and Tyler Winklevoss. Should it be approved, the Winklevoss Bitcoin Trust would be the first-ever bitcoin-based ETF, and would list on the Bats BZX Exchange.

However, SEC decisions are rarely overturned, according to Jeff Bishop, ETF expert and co-founder of investor message board platform RagingBull.com.

Bishop said:
"The only reason it would be overturned would be if new facts were produced to overcome [the SEC's] initial objections."

Full Read Here: http://www.coindesk.com/winklevoss-bitcoin-etf-relaunch-analysts-chance/

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