2 years ago
The U.S. Securities and Exchange Commission (SEC) refused to o.k. a Fidelity spot bitcoin exchange-traded money (ETF), adding to the database of rejected applications.
The rejection follows the precedent acceptable by the SEC successful preferring ETFs that way bitcoin futures.
In October, the first-ever ETF backed by bitcoin futures was launched by ProShares trading connected the New York Stock Exchange. Other approvals see the Valkyrie Bitcoin Strategy ETF and the VanEck Bitcoin Strategy ETF.
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Tanzeel Akhtar is simply a CoinDesk quality newsman based successful the UK.
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