SkyBridge Joins the SEC's List of Rejected Spot Bitcoin ETFs

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The SEC is still not ready to approve a spot-based Bitcoin ETF in the United States, following the recent rejection of another such application.

The U.S. Securities and Exchange Commission has, once again, rejected a spot bitcoin ETF application. It was filed earlier by the investment management company First Trust Advisors and the hedge fund SkyBridge led by Anthony Scaramucci.published on Thursday , the SEC said the reason for the rejection was that they failed to meet the requirements.

Meanwhile, the SEC’s latest rejection is not surprising, given that the agency is yet to greenlight a spot Bitcoin ETF product. In December, the securities watchdog

 

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