The US Securities and Exchange Commission has rejected two more proposals for a Bitcoin ETF.
A Bitcoin exchange-traded fund is something that the cryptocurrency community is looking forward to for quite some time. Unfortunately, the US Securities and Exchange Commission is not on the same page yet.
The United States Securities and Exchange Commission rejected two proposals to list and trade shares of spot Bitcoin exchange-traded funds,The first one was the NYDIG Bitcoin ETF proposal, and the second one was the Global X Bitcoin Trust.its ruling on the NYDIG Bitcoin ETF proposal for two months. In any case, this is a clear sign that the SEC has no plans of listing a physical Bitcoin ETF, despite approving similar products for futures-backed exchange-traded funds.
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