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Cryptos: SEC rejects latest proposal to create bitcoin ETF

  • Mike Murphy--Marketwatch.com
  • published date: 2019-10-09 22:46:20

In a statement Wednesday, the SEC said the proposed exchange-traded fund from Bitwise Asset Management and NYSE Arca did not meet standards to prevent fraud and market manipulation.

Once again, the Securities and Exchange Commission has rejected a proposal to create a bitcoin-backed ETF. In a statement Wednesday, the SEC said the proposed exchange-traded fund from Bitwise Asset Management and NYSE Arca did not meet standards to prevent … [+1543 chars]