In addition, the U.S. Securities and Exchange Commission (SEC) is deciding whether to approve a Bitcoin exchange-traded fund (ETF)–a request filed through the Chicago Board of Exchange (CBOE) by investment firm VanEck and blockchain platform SolidX. An approval of a Bitcoin ETF would allow reticent investors to purchase the cryptocurrency without using an exchange that lacks government oversight and regulation.
The cryptocurrency was able to shrug off the latest news regarding the SEC rejecting the application for a Bitcoin ETF by Winklevoss Capital Management founders Cameron and Tyler Winklevoss. In what could have been th first cryptocurrency ETF ever, the SEC did not agree with the Winklevoss’ premise that cryptocurrency markets are “uniquely resistant to manipulation.”
Related: SEC Rejects Winklevoss Bitcoin ETF
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