US SEC Rejects One River Spot Bitcoin ETF Application
The U.S. Securities and Exchange Commission (SEC) has rejected the One River Carbon Neutral Bitcoin Trust spot Bitcoin Exchange Traded Fund (ETF) application filed by One River Asset Management for listing on the New York Stock Exchange Arca. According to the SEC, the application did not address the core concerns bordering on price manipulation noting that the company utilized the same standard used in its rejections of previous proposals to list bitcoin-based commodity trusts. [Read more]
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