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* Following the SEC’s recent rejection of 9 ETF applications, as noted in yesterday’s Daily, the regulatory body has announced that it will review these decisions.

* The SEC has rejected a total of nine application to list and trade various Bitcoin ETFs from three different applicants (ProShares, Direxion and GraniteShares), on the basis of perceived inadequate “resistance [framework] to price manipulation”, in an insufficiently sized Bitcoin derivatives market. 

### What do you think?

[Source](https://www.reuters.com/article/us-bitcoin-etf/sec-to-review-decision-rejecting-bitcoin-etfs-idUSKCN1L82LB?rpc=401&)

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