1 year ago
The U.S. Securities and Exchange Commission (SEC) has rejected the Wisdom Tree Bitcoin Trust ETF, arsenic it has nary valid measurement to support investors against marketplace manipulation.
The SEC successful an Oct. 11 release noted that it had to cull the filing by BZX Exchange, arsenic the bitcoin-ETF issuer does not person a important surveillance sharing statement with a regulated marketplace for bitcoin.
A surveillance-sharing statement allows marketplace participants to easy stock marketplace trading and clearing activistic and lawsuit individuality successful the lawsuit of immoderate terms manipulation of BTC.
According to the SEC, the surveillance statement is important earlier it tin o.k. immoderate spot bitcoin-ETF, fixed that the marketplace for bitcoin is highly unregulated.
The archetypal Wisdom Tree spot bitcoin ETF was besides rejected successful December 2021 connected grounds of capitalist protection.
The station SEC rejects WisdomTree’s Spot Bitcoin ETF appeared archetypal connected CryptoSlate.
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