One River’s Carbon Neutral Bitcoin ETF Rejected by SEC

• The connection to database connected the NYSE Arca speech lacks capable capitalist protections, the SEC said, which is akin verbiage utilized by the bureau successful denying different spot Bitcoin (BTC) ETFs.

• One River submitted paperwork for the ETF successful May 2021, and the SEC successful March announced a hold successful its decision. This peculiar spot ETF exertion differed from others successful that One River pledged to buy and dispose of c credits to relationship for the emissions associated with the bitcoin successful the fund.

• While the SEC has green-lit a fig of futures-based Bitcoin ETFs, it has denied (or different delayed) each spot Bitcoin ETFs brought earlier it. To sanction two, the bureau in March denied applications submitted by NYDIG and GlobalX.

• The astir caller futures-based Bitcoin ETF to triumph SEC support was 1 from Valkyrie. That plus manager had filed its application nether the Securities Exchange Act of 1934. Other approved Bitcoin futures ETFs came nether the Investment Company Act of 1940. The Valkyrie "34 Act" support had given immoderate hope to spot Bitcoin ETF advocates.

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