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SEC reportedly knocks back Valkyrie’s leveraged Bitcoin ETF -Breaking

© Reuters.

According to reports, the U.S. Securities and Exchange Commission may have rejected one or more recent exchange-traded money fund application, signaling that it isn’t ready yet for exotic futures products.

A mere day after Valkyrie applied for an leveraged Bitcoin futures ETF, andDirexion submitted a request for an inverted bear fundThe SEC seems to have opposed them all.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.