United States Securities and Exchange Commission’s (SEC) excellent record of rejecting complaints (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. This decision is somewhat earlier than expected, given that the agency was expecting it. Extended the deadline until June 2,Allow more time to consider.

Commission SubmittedOne River used the “same standard” it had in its previous decisions to approve One River’s rule change. The SEC has stated that the rule proposed by One River did not conform to its rules on fraud prevention. Further clarifications were made by the SEC: