Rejected! SEC Says No to Bitcoin Futures ETF

[kreslik.news]

The Securities and Exchange Commission, the regulating authority of the US, has once again decided not to allow the trading of Bitcoin ETFs. Specifically, it has rejected five proposals made by a subsidiary of the New York Stock Exchange.

Bull and bear shares

NYSE Arca, as the subsidiary is called, is dedicated to exchange traded funds, claiming on its website to handle 92 percent of these financial derivatives in the US. It made its application inJanuary for the following products:

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– Bitcoin Bear 1X Shares;

– Direxion Daily ... (read more)