SEC Calls Spot Bitcoin ETF Filings Inadequate
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The Securities and Exchange Commission (SEC) has said recent applications filed by asset managers to launch spot Bitcoin exchange-traded funds (ETFs) are “inadequate.”
The Wall Street Journal has reported citing sources, that SEC finds the recent Bitcoin ETF filings from BlackRock, Fidelity, and other asset managers inadequate. The price of Bitcoin crashed 5% within 15 minutes.
This is a developing story.
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