CryptoNewsBreaks – SEC Rejects Bid for Bitcoin ETF
On Thursday, Fortune writer Jeff John Roberts examined the Securities and Exchange Commission’s decision to once again reject a bid to create an exchange-traded product for bitcoin, citing potential for market manipulation and a lack of liquidity. The decision came as a result of a request from the Winkelvoss twins to revisit a March 2017 ruling with a similar outcome. While the SEC’s decision did have an impact on bitcoin trading, with the cryptocurrency falling around three percent in the hours after release of the news, the Commission’s comments regarding the rejection could paint a more optimistic picture of the…





