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SEC finds Bitcoin ETF filings unsatisfactory
The US securities regulator, the SEC, has announced that it has found applications for spot Bitcoin ETFs unsatisfactory.
Bitcoin fell as much as 5 percent on Friday after the Securities and Exchange Commission said recent ETF filings from BlackRock and Fidelity were unsatisfactory, according to a report by The Wall Street Journal. Bitcoin, which was above $ 31 thousand, went down to $ 29 thousand 500.
BlackRock, Fidelity, WisdomTree and other traditional asset managers have filed with the SEC to launch a spot bitcoin ETF, sparking hope among investors that an approval may finally be imminent.
But Friday's report suggested that even after the regulatory agency approved the 2x leveraged bitcoin futures ETF, approval of the spot Bitcoin ETF still faces some hurdles.
The SEC told the CBOE and Nasdaq, which filed bitcoin ETF filings on behalf of BlackRock and Fidelity, that they were "not clear and comprehensive enough", according to the report, citing those familiar with the matter. #HotTopicDiscussion# #ContentStar# #NewYearCelebration# #BountyCreator# #GateioBountyCreator# #Contentcreator # #NewsMessenger# #CryptoObservers#
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