Solid X ETF

[X-ray]

IT WAS DENIED

Order Disapproving a Proposed Rule Change, as Modified by Amendment No. 1, Relating to the Listing and Trading of Shares of the SolidX Bitcoin Trust under NYSE Arca Equities Rule 8.201

https://www.sec.gov/rules/sro/nysearca/2017/34-80319.pdf

Don't forget if we still have Grayscale to be accepted by the US securities, What do you think about that? Do you believe if that will be accepted by the US securities or Was it including on the ignore list of US securities?
Denied, denied and denied again, looks like Bitcoin ETF is not mean something for the US securities. 

[Kemarit]

IT WAS DENIED

Order Disapproving a Proposed Rule Change, as Modified by Amendment No. 1, Relating to the Listing and Trading of Shares of the SolidX Bitcoin Trust under NYSE Arca Equities Rule 8.201

https://www.sec.gov/rules/sro/nysearca/2017/34-80319.pdf

Don't forget if we still have Grayscale to be accepted by the US securities, What do you think about that? Do you believe if that will be accepted by the US securities or Was it including on the ignore list of US securities?
Denied, denied and denied again, looks like Bitcoin ETF is not mean something for the US securities. 

It will be denied again and again for the simply reason that bitcoin is unregulated. So SEC thinks that they cannot protect the investors. And we also know that bitcoin market as currently structured is resilient to manipulation as well. The double rejection ends a months-long rally that pushed bitcoin’s value higher than gold. I think the SolidX rejection also affected a few percent of the price of bitcoin but not that significant though. And future bitcoin ETF application will be rejected as well.