The Securities and Exchange Commission (SEC) rejected One River’s instant ETF request
The US Securities and Exchange Commission (SEC) has maintained an exemplary record of rejecting (Bitcoin) exchange-traded funds (ETF) on Friday as it rejected a rule change allowing cryptocurrency-focused hedge fund One River Digital to list the One River Carbon Neutral Bitcoin Trust on the Arca Exchange in New York. The decision comes a little early, as the agency did Extended original deadline to February Allow more time to think.
A committee Wrote That when considering One River’s proposed rule change, it “applied the same criteria used in its orders, taking into account previous proposals to include bitcoin-based commodity funds.” In particular, the proposed rule change did not comply with the SEC’s fraud prevention rules. As the Securities and Exchange Commission explained:
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