Bitcoin falls after report of SEC saying spot bitcoin ETF filings are inadequate

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Bitcoin falls after report of SEC saying spot bitcoin ETF filings are inadequate
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Bitcoin fell Friday after a report that the Securities and Exchange Commission said the recent applications filed by asset managers to launch spot bitcoin...

Bitcoin fell Friday after a report that the U.S. Securities and Exchange Commission said the recent applications filed by asset managers to launch spot bitcoin exchange-traded funds are inadequate.

Earlier... Bitcoin fell Friday after a report that the U.S. Securities and Exchange Commission said the recent applications filed by asset managers to launch spot bitcoin exchange-traded funds are inadequate. Earlier this month, BlackRock BLK , the world’s largest assets manager, filed an application for a spot bitcoin ETF. Following the move, Invesco IVZ , WisdomTree, Valkyrie, Bitwise, ARK Investment Management and Fidelity all amended their filings or re-filed their applications to issue similar products.

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