The U.S. Securities and Exchange Commission (SEC) is delaying Grayscale's proposed ETF, a spot bitcoin exchange-traded fund. In a statement released on 4 February 2022, the SEC is concerned how Gra...

The U.S. Securities and Exchange Commission (SEC) has rejected a Fidelity spot bitcoin exchange-traded fund (ETF), adding to a list of applications that have been denied. Fidelity’s proposal for the Wise Origin Bitcoin Trust was denied by the Securities and Exchange Commission on Thursday, just seven days after the SEC rejected an application for a spot bitcoin ETF filed by investment advisory firm First Trust and hedge fund SkyBridge Capital. Currently, SEC is preferring ETFs that track bitcoin futures. “While we are disappointed by the outcome of the SEC’s deliberations resulting in today’s disapproval order, we reaffirm our belief in market readiness for a physical bitcoin exchange-traded product and look forward to continued constructive dialogue with the SEC,” stated a Fidelity spokeswoman. In December, Krypton’s proposal to list a spot Bitcoin ETF was also rejected.  VanEck and WisdomTree’s plans for a spot bitcoin ETF were also denied. ProShares, which trades on the New York Stock Exchange, introduced the first-ever ETF backed by bitcoin futures in October. The VanEck Bitcoin Strategy ETF and the Valkyrie Bitcoin Strategy ETF have also been approved.

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Digital assets manager Valkyrie has applied with the SEC to list a new Bitcoin-focused exchange-traded fund on Nasdaq. In the filing, Valkyrie highlighted that its Valkyrie Bitcoin Miners ETF will invest 80% of its net assets in firms in the crypto mining ecosystem. The ETF is awaiting approval and will mark the crypto asset manager’s

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According to a fresh report by Bloomberg, the U.S. Securities and Exchange Commission (SEC) has just rejected a proposal by hedge fund Skybridge Capital and investment advisory firm First Trust, to list a spot bitcoin exchange-traded fund (ETF). However, the Thursday rejection does not exactly come as a surprise. At the very least, up until now,

The post Breaking: SEC Rejects Bitcoin ETF Proposal From Skybridge Capital appeared first on CoinGape.

Following the charged-up debut of the Proshares bitcoin exchange-traded fund (ETF), Valkyrie’s bitcoin futures ETF and the Vaneck bitcoin strategy ETF, interest in these types of funds seems to have faded a great deal. After the Proshares bitcoin ETF BITO reached an all-time high on November 10, the ETF is down 39% over the last […]