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Title : Winklevoss Twins Lose Again: Second Rejects Their Proposed Bitcoin Etf
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Winklevoss Twins Lose Again: Second Rejects Their Proposed Bitcoin Etf

The Securities too Exchange Commissionhas  rejected a minute endeavour past times Cameron too Tyler Winklevoss to listing the first-ever cryptocurrency ETF on a regulated exchange.

The June proposal from BATS BZX Exchange to listing too merchandise the Winklevoss Bitcoin Trust's commodity-based shares was voted downward 3-1 past times the commission.

In an 81-page release, the SEC said that the disapproval does non residuum on an evaluation of whether bitcoin or blockchain applied scientific discipline has value every bit an invention or investment.

But the means indicated that its mission is designed to preclude fraudulent or manipulative acts or practices too to protect investors, too that they were concerned close fraud too manipulation of bitcoin, especially since this is done inwards a largely unregulated offshore market.


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