The SEC intends to review its decision to reject a bitcoin exchange-traded fund proposed by investors Cameron and Tyler Winklevoss.As previously reported by CoinDesk, the SEC shot down a bid by the Winklevoss brothers to get the ETF listed on the Bats BZX exchange in March.Specifically, the agency declined a rule change proposed by Bats that would have cleared the path for the ETF, citing a lack of market surveillance and regulation.Less than two weeks after the decision was handed down, Bats petitioned for a review – a move that the agency has now greenlit.The SEC said yesterday that it had approved the review, opening the door to further comment between now and 15th May."Pursuant to Rule 431 of the Rules of Practice,11 BZX's petition for review of the Disapproval Order is granted.Further, the Commission hereby establishes that any party to the action or other person may file a written statement in support of or in opposition to the Disapproval Order on or before May 15, 2017."The news comes weeks after the SEC rejected another bitcoin-tied ETF, proposed by SolidX, that would have listed on the NYSE Arca exchange if approved.

At the time, the price of bitcoin set new all-time highs – even passing the price of gold – amid speculation about the investment vehicle.The decision further flies in the face of popular commentary, as analysts polled by CoinDesk initially saw an uphill road for an attempts to reinstate the proposal.A representative for Winklevoss Capital did not immediately respond to a request for comment.The full order can be found below: 34-80511 by CoinDesk on Scribd Image via Techcrunch Disrupt, by Max Morse for Techrunch The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.The price of bitcoin against the US dollar was up almost two percent, reaching $1,287.27 as of 1:34pm GMT.The digital currency had a strong start to the week, with prices gaining more than $35 since Sunday.On Tuesday, the US Securities and Exchange Commission (SEC) announced it would reconsider its decision over ETF.

Last month, it denied the Winklevoss’ application to list the company on the Bats BZX exchange which is one of the largest US equities market operators."TheCommission hereby establishes that any party to the action or other person may file a written statement in support of or in opposition to the Disapproval Order on or before May 15, 2017," the SEC said in a statement.Bitcoin has been on a steady rise for the past month, up around 23 percent.ethereum hash/4UE4EBZWz4— Bitcoin Manitoba (@ManitobaBitcoin) April 5, 2017Russia’s Deputy Finance Minister Aleksey Moiseev said this month bitcoin and other digital currencies could be recognized in the country by next year.buy bitcoin for agoraThe central bank is working with the government to develop rules against illegal transfers, he added.Cryptocurrencies still have a lot of opponents, who argue that transaction anonymity and lack of a supervisory body makes them the perfect vehicle for money laundering.kurs bitcoin usd

Bitcoin has risen around 2 percent in the past day, pushing towards its all-time high on renewed hope that U.S.regulators could approve a key trading product for the cryptocurrency.The price of Bitcoin against the dollar stood at around $1281.17 during mid-morning trade in London, according to CoinDesk data, up from $1251.46 a day ago.Optimism in the market has come from an announcement in the U.S.bitcoin fix walletthat the Securities and Exchange Commission (SEC) is reviewing its decision to reject a bitcoin exchange-traded fund (ETF) proposed by Cameron and Tyler Winklevoss.bitcoin miner amd radeonLast month, the SEC denied an application by the Winklevoss twins to list the ETF, which would have made it the first product of its kind in the U.S.bitcoin tax cnnThe proposal involves listing the ETF on the Bats BZX exchange, one of the largest U.S.dogecoin account

Bats filed a notice of petition to review the SEC decision which has now been accepted.It means the SEC will look into its initial decision to reject the ETF."The Commission hereby establishes that any party to the action or other person may file a written statement in support of or in opposition to the Disapproval Order on or before May 15, 2017," the SEC said in a statement posted on its website on Tuesday.ethereum radeonTraders are hoping that this at least opens the doors to the ETF getting a second shot at being approved.777 bitcoin casino"The news of the review has definitely excited speculators, although it's unclear if this will alter the SEC's decision.So the gains in the last 24 hours may be temporary," Thomas Glucksmann, head of marketing at regulated cryptocurrency trading platform Gatecoin, told CNBC via email.In the last 24 hours from the time of publication, nearly two-thirds of trades were to buy bitcoin while the rest were to sell, showing the current bullishness around the asset.

Bitcoin has been on a steady rise for the past month, up around 23 percent.It is also closing in on its all-time high of $1,325.81 hit in March.The price movement has been supported by a number of factors including Japan beginning to accept bitcoin as legal currency as well as the Russian government making comments about looking to recognize cryptocurrencies as legal financial instruments in 2018.But bitcoin has also had its recent problems.There is a debate among the community over the future of the underlying technology and how that plays out in the future.For a full rundown of this issue, click here.There were also problems this month with customers on some bitcoin exchanges struggling to withdraw fiat currency from their accounts.by Tyler Durden Bitcoin is up 8 days in a row, pushing back above gold, shaking off its 'fork' concerns and testing towards $1300 today as the SEC announces that it intends to review its decision to reject a bitcoin ETF proposed by the Winklevoss twins.