March 28, 2023

The SEC has denied VanEck’s request for a Bitcoin ETF due to concerns about preventing market manipulation. This is the third time the proposal has been rejected, with other companies like Wisdomtree, ARK Invest, and Valkyrie Investments also facing rejections. The SEC has declined to approve a rule amendment submitted by Cboe BZX Exchange to list VanEck’s ETF. The proposal was first introduced in 2017 and has faced delays and rejections since then. The SEC has yet to make a decision on the exchange commodity.

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