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U.S. SEC rejects carbon-neutral bitcoin ETF by One River -Breaking


© Reuters. FILE PHOTO – The seal of U.S Securities and Exchange Commission is seen on the wall at SEC Headquarters in Washington. June 24, 2011. REUTERS/Jonathan Ernst

NEW YORK, (Reuters) – The U.S. Securities and Exchange Commission rejected a proposal by One River Asset Management to trade a spot-bitcoin exchange-traded fund (ETF), which would have been carbon neutral. It was listed on the NYSE Arca exchange.

The latest action in a string of market regulator rejections to approve bitcoin ETFs that track the underlying digital assets was this week’s.