The SEC has just announced it will re-evaluate the different rejection announced this week..
9 ETFs will be re-evaluated
Bren Fields spoke in a letter to David De Gregorio:
“This letter is to notify you that, pursuant to Rule 43 I of the Commission’s Rules of Practice, 17 CFR 20 I .43 1, the Commission will review the delegated action. In accordance with Rule 431 (e), the August 22 order is stayed until the Commission orders otherwise.”
The commission should, therefore, reconsider its decision which makes the happiness of Hester Pierce who had been illustrated with the blockchain community being the only one to vote the acceptance of the request of the Winklevoss brothers.
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A boost for the market?
As we will see in this morning’s analysis, this announcement seems to further increase buyer pressure on dynamic resistance at $ 6600. We expect the prices to return to the pivot at 6800 USD to resume the upward position. The arrival of decision-making for the various ETF applications running in September could play in favor of buyers.