news

bitcoin

1 X bitcoin bitcoin =

Tuesday

22 October 2019

U.S. SEC Declines Bitwise Bitcoin ETF Filing Again 

U.S. SEC Declines Bitwise Bitcoin ETF Filing Again 


smart summary beta

financial watchdog, the Securities and Exchange Commission (SEC) has rejected the Bitcoin Exchange Traded Fund (ETF) proposal of Bitwise, on the grounds that the filing does not meet the set standards regarding market manipulation and fraudulent activities, according to an October 9, 2019 announcement.

Though the firmsays it’s still committedto pursuing its ETF ambition, it appears the team had a feeling that it’s filing would not scale the SEC hurdle so it decided to launch theVanEck SolidX Bitcoin Trust instead, whilsttemporarily halting its pursuit of an SEC-approved Bitcoin ETF.

Goto Full Article

bitcoin bitcoin price

$8233.64

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.1)

Article Metadata

author

site

btcmanager.com
Market data feeds provided by cryptocompare.com
bitsmart 2018