SEC Rejects 9 Bitcoin ETF Proposals

The Securities and Exchange Commission (SEC) has issued rejections to bitcoin exchange-traded fund (ETFs) proposals from ProShares, Direxion, and GraniteShares.In all instances, the SEC stressed that it “emphasizes that its disapproval does not rest on an evaluation of whether bitcoin or blockchain technology more generally, has utility or value as an innovation or an investment.”

Read more at CNBC and Coindesk


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