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June 29 (Reuters) – The U.S. Securities and Trade Fee on Wednesday mentioned in a submitting that it rejected a proposal to listing a spot bitcoin exchange-traded fund by Grayscale, one of many world’s largest digital asset managers, on Intercontinental Trade Inc’s (ICE.N) NYSE Arca change.
Grayscale didn’t reply instantly to a request for remark.
The SEC has rejected greater than a dozen proposals for spot bitcoin ETFs over the previous 12 months, with a lot of its give attention to the dearth of any surveillance-sharing agreements with a regulated market of great measurement regarding the underlying property.
The value of bitcoin, the most important digital foreign money, is down about 70% from its excessive of round $69,000 in November.
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Reporting by Akriti Sharma in Bengaluru and John McCrank in New York; Enhancing by Leslie Adler
Our Requirements: The Thomson Reuters Trust Principles.
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