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Firstly, it means the SEC is finally listening to the public as to why the Bitcoin ETF should be approved. Ethereum World News had recently reported that the SEC had received 683 public comments on its website with regards to the CBOE sponsored ETF.

The SEC has since clarified that this number is over 1,300 when they stated the following:

The proposed rule change was published for comment in the Federal Register on July 2, 2018. As of August 6, 2018, the Commission has received more than 1,300 comments on the proposed rule change.

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