One River’s Spot Bitcoin ETF Application Rejected by SEC

One River’s Spot Bitcoin ETF Application Rejected by SEC

The U.S. Securities and Exchange Commission (SEC) maintains its denial (bitcoin), a spot exchange-traded fund (ETF) filed on Friday, when it did not approve a rule change that would allow cryptocurrency-focused hedge fund One River Digital to offer the One River carbon-neutral Bitcoin Trust on NYSE Arca.The decision came a little earlier because the agency had already Extend original deadline to June 2 Allow more time to consider.

committee wrote That said, when considering One River’s proposed rule change, it applies “considering the same criteria used in the order previously proposed to list bitcoin-based commodity trusts.” Specifically, the proposed rule changes do not comply with SEC rules on fraud prevention. The SFC further clarified: