SEC U-Turn on ETF Rejection — A Balancing Act for Adoption? By Cointelegraph

SEC U-Turn on ETF Rejection — A Balancing Act for Adoption?

It’s been an interesting couple of days for a number of exchanges which were hoping to get the green light to launch various exchange-traded funds (ETFs).

On Aug. 22, the U.S. Securities and Exchange Commission (SEC) released its verdict on nine separate ETFs submitted by three applicants, ProShares, Direxion and GraniteShares.

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