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A comment on SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund [pdf]. Parent comment

Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ... by joecool1029 on Friday March 10, 2017 @04:39PM (#13842376)
So yeah, it looks like this ruling will prevent any commodity linked ETF from being approved without surveillance on a regulated exchange.

So that's not likely not gonna happen ever. The ruling kills any other bitcoin/virtual asset ETF from getting approved as well.

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Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ... by omouse on Friday March 10, 2017 @04:59PM (#13842537)
without surveillance on a regulated exchange

So we're going to have competition in exchanges, a free market of them with various rules/surveillance levels? Neat!

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Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ... by JumpCrisscross on Friday March 10, 2017 @06:02PM (#13842904)
Competition between exchanges based on rules (e.g. paying liquidity takers versus makers) and surveillance (e.g pits versus dark pools or tape delays) has existed for a long time (think: American Stock Exchange versus NYSE versus NASDAQ) [1]. It sped up after the SEC passed Reg ATS [2].

[1] https://en.m.wikipedia.org/wiki/Alternative_trading_system

[2] https://www.law.cornell.edu/cfr/text/17/242.301

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