SEC rejects WisdomTree’s spot Bitcoin ETF application

© Reuters.

The U.S. Securities and Exchange Commission (SEC) has officially rejected the asset management company WisdomTree’s spot (Bitcoin) After the exchange-traded fund (ETF) has postponed its decision many times this year.

According to Wednesday’s documents, the U.S. Securities and Exchange Commission Refused Cboe BZX exchange proposed a rule change to list and trade shares of WisdomTree’s Bitcoin Trust. Specifically, the US Securities and Exchange Commission stated that any rule changes that facilitate the approval of ETFs will not be “designed to prevent fraud and manipulations and practices,” nor will it “protect investors and the public interest.”