Crypto Times Editorial Department
Crypto Times editorial department.
The US Securities and Exchange Commission (SEC) denied the Bitcoin ETF that Bitwise had submitted.
In the current BTC market, there are legal requirements to prevent market manipulation and other illegal activities Not satisfied, not only Bitwise's proposal, but also pointed out to NYSE Arca who was jointly submitting with Bitwise It is.
To date, the SEC has rejected all Bitcoin ETF proposals, This is due to market manipulation and fraud concerns.
Last month, VanEck withdrew from the application for the Bitcoin ETF, and the current SEC was rejected by Bitwise. All Bitcoin ETFs reviewed by have been unapproved.
Article source: SEC
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Author: Crypto Times Editorial Department – Source Post: http://corneey.com/w46Mc4
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