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SEC Dismisses Latest Spot Bitcoin ETF Applications as Inadequate
The Securities and Exchange Commission (SEC) has reportedly dismissed several applications by asset managers to launch spot Bitcoin Exchange-Traded Funds (ETFs). According to sources who shared information with the Wall Street Journal on Friday, the agency termed the applications as neither sufficiently clear nor comprehensive.Specifically, the SEC commented about the applications filed by Nasdaq and Cboe Global Markets on behalf of the asset managers, BlackRock and Fidelity, the sources famil...
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Posted: Jun 30 2023, 22:00
Author Name: financemagnates
Views: 081076