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SEC rejects WisdomTree's application for spot Bitcoin ETF
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The United States Securities and Exchange Commission, or SEC, has officially disapproved asset manager WisdomTree’s spot Bitcoin (BTC) exchange-traded fund (ETF) after deferring on a decision several times this year.
According to a Wednesday filing, the SEC rejected a proposed rule change from the Cboe BZX Exchange to list and trade shares of WisdomTree’s Bitcoin Trust. Specifically, the SEC said any rule change in favor of approving the ETF would not be “‘designed to prevent fraudulent and manipulative acts and practices” nor “protect investors and the public interest.”
The SEC concluded that BZX had not met the requirements of listing a financial product under its rules in addition to the Exchange Act, saying the BTC ETF proposed would not
Read more on cointelegraph.comAbout this in other media
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