January 23, 2022

SEC Rejects Bitcoin Spot ETF From WisdomTree

SEC Rejects Bitcoin Spot ETF From WisdomTree

The SEC has rejected a second spot Bitcoin ETF from asset management company WisdomTree.

The Office rejected the offer WisdomTree and stated that the proposed Bitcoin ETF does not provide the agency with the ability to track product information and provide oversight functions in the crypto market.

The SEC has approved three bitcoin futures ETFs (from VanEck, Valkyrie, and ProShares) but has yet to approve a spot ETF pegged directly to the US bitcoin market value.

Subscribe to ForkNews on Telegram to stay updated on news from the world of cryptocurrencies

Facebook Notice for EU! You need to login to view and post FB Comments!