.SECGov has rejected two more applications for spot Bitcoin ETFs, one from NYDIG_BTC and another from GlobalXETFs. mikeybellusci reports
extended its review period
to receive and review comments on NYDIG’s spot ETF product, and has now concluded it didn’t meet sufficient criteria, citing concerns around fraud, manipulation and valuation methodology. The rejections come as no surprise as SEC Chair Gary Gensler has indicated multiple times that he prefers to see aThe SEC has recently rejected applications for spot bitcoin ETFs from
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