2022 – SEC by Cointelegraph rejects One River’s spot Bitcoin ETF request


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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