The U.S. Securities and Exchange Commission on Wednesday rejected a proposal to list a spot bitcoin exchange-traded fund (ETF) by Grayscale, one of the world's biggest digital asset managers, on Intercontinental Exchange Inc's NYSE Arca exchange.
A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier/File PhotoJune 29 - The U.S.
The SEC has rejected more than a dozen proposals for spot bitcoin ETFs over the past year, with much of its focus on the lack of any surveillance-sharing agreements with a regulated market of significant size relating to the underlying assets. The price of bitcoin, the largest digital currency, is down about 70% from its high of around $69,000 in November.
Cryptocurrencies and crypto-related stocks have plunged in recent months, as investors have dumped riskier assets in response to high inflation and policy tightening by major central banks, which have prompted recession fears. Issuers of spot bitcoin ETFs rejected by the SEC in recent months have included Fidelity, SkyBridge and Valkyrie, all of which sought to provide easy exposure to the digital currency.Reporting by Akriti Sharma in Bengaluru and John McCrank in New York; Editing by Leslie Adler and Bradley Perrett
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Grayscale reports 99% of SEC comment letters support spot Bitcoin ETFWill a pending application and 11,400 letters to the SEC make Grayscale the first spot BTC ETF in the United States? According to the firm “99.96 percent of those comment letters were supportive of Grayscale’s case”.
Consulte Mais informação »
BREAKING: Grayscale launches legal challenge to Bitcoin spot ETF rejectionGrayscale has been denied its application to convert its Grayscale Bitcoin Trust into a spot-based Bitcoin ETF. In response it has initiated a lawsuit to challenge the decision.
Consulte Mais informação »
Skybridge Capital Exec on Spot Bitcoin ETF Filing, Bitcoin OutlookAnthony Scaramucci's Skybridge Capital is reportedly filing for a spot bitcoin ETF with the SEC after being rejected earlier this year. This comes as Grayscale awaits an SEC decision on converting its GBTC to an ETF. SkyBridge Capital Partner John Darsie shares his insights and his crypto markets outlook.
Consulte Mais informação »
Grayscale reports 99% of SEC comment letters support spot Bitcoin ETFWill a pending application and 11,400 letters to the SEC make Grayscale the first spot BTC ETF in the United States? According to the firm “99.96 percent of those comment letters were supportive of Grayscale’s case”.
Consulte Mais informação »
BREAKING: Grayscale launches legal challenge to Bitcoin spot ETF rejectionGrayscale has been denied its application to convert its Grayscale Bitcoin Trust into a spot-based Bitcoin ETF. In response it has initiated a lawsuit to challenge the decision.
Consulte Mais informação »
Skybridge Capital Exec on Spot Bitcoin ETF Filing, Bitcoin OutlookAnthony Scaramucci's Skybridge Capital is reportedly filing for a spot bitcoin ETF with the SEC after being rejected earlier this year. This comes as Grayscale awaits an SEC decision on converting its GBTC to an ETF. SkyBridge Capital Partner John Darsie shares his insights and his crypto markets outlook.
Consulte Mais informação »