The Winklevoss` Bitcoin ETF Was Rejected By The SEC

btc etf

The U.S. Securities and Exchange Commission (SEC) has refused to approve the bitcoin-related ETF financed by the Winklevoss twins one more time. Previously, the Bats BZX Exchange requested for the rule changing, which could allow new tools, which help to invest in BTC, to be introduced into the marketplace. Yet, last year, this proposal was rejected.

The Commission claims that its decision did not depend on whether the cryptocurrency and the technology of blockchain are valuable in terms of investment or innovation. The real sticking point of the SEC is connected to the fact that a big part of the Bitcoin trade occurs outside the USA.

This news even unraveled the Bitcoin rate, so that it dropped after a significant growth.

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