News | 10.11.19
SEC Rejects Rule Change That Would Allow for Crypto ETFs
The SEC has issued an order disapproving a proposed NYSE Arca rule change that would allow Bitwise Asset Management's Bitwise Bitcoin ETF trust to list shares. The SEC said it did not make an evaluation on bitcoin or blockchain as a viable investment but rather rejected the change because NYSE Arca did not meet the standards requiring exchanges be able to prevent fraud and manipulation.
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