The United States SEC has rejected a proposal for a Bitcoin ETF from Bitwise Asset Management and NYSE Arca. The United States Securities and Exchange Commission (SEC) has rejected a proposal to list a Bitcoin () exchange-traded fund (ETF).In an announcement on Oct. 9, the Commission stated that the ETF filing from Bitwise Asset Management and NYSE Arca did not meet the necessary requirements. Specifically, regulators stated that the applicants did not meet the necessary requirements regarding possible market manipulation and illicit activities. The SEC wrote:”Rather, theCommission is disapproving this proposed rule change because, as discussed below, NYSE Arcahas not met its burden…
Click Title Below To Read Details From Source:
US SEC Rejects Bitwise Bitcoin ETF Proposal


Leave a Reply

Your email address will not be published. Required fields are marked *