Following the rejection of nine bitcoin-based exchange-traded funds (ETFs) earlier this week by the independent regulatory agency, the U.S. Securities and Exchange Commission (SEC) stated on Thursday that it will review its staff’s decision.
As reported by BeInCrypto yesterday, the SEC’s rejection was justified by a failure of the three companies putting forth the proposals to prove their products wouldn’t be subject to market manipulation or illegal activities.
Interestingly, the SEC has now shared information on its website stating that the agency’s four commissioners will review said decisions.

Good News for VanEck?
The pending review of the latest decision from the SEC may be taken as a positive sign for the most highly anticipated Bitcoin ETF proposal — the VanEck SolidX Bitcoin Trust. If presumably less-legitimate proposals are warranting a second look, it stands to reason that VanEck’s may be more positively scrutinized.
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