Crypto

EM – SEC Rejects WisdomTree’s Application for Cointelegraph Spot Bitcoin ETF – Ebene Magazine

The United States Securities and Exchange Commission, or SEC, has officially disapproved of asset manager WisdomTree’s Bitcoin (BTC) exchange-traded fund (ETF) after it repeatedly postponed a decision this year.

According to a document filed Wednesday, the SEC rejected a proposed rule change for the Cboe BZX Exchange to list and trade shares of WisdomTree’s Bitcoin Trust. Specifically, the SEC said that any rule change in favor of ETF approval would not be “designed to prevent fraudulent and manipulative acts and practices” or “to protect investors and the public interest.”

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