One River’s spot Bitcoin ETF application rejected by SEC -Breaking
United States Securities and Exchange Commission (SEC), maintained a perfect track record in rejecting applications.BTC) spot exchange-traded fund (ETF) applications Friday when it disapproved a rule change to allow cryptocurrency-focused hedge fund One River Digital to offer the One River Carbon Neutral Bitcoin Trust on the New York Stock Exchange Arca. It comes a little earlier than planned, however. The original deadline was extended to June 2.Allow more time to consider.
The commission SubmittedOne River used the “same standard” it had in its previous decisions to approve One River’s rule change. The SEC rules regarding fraud prevention were not met by the proposal rule change. Further clarifications were made by the SEC: