The US Securities and Exchange Commission (SEC) has rejected a request to list a Bitcoin ETF from SolidX on the New York Stock Exchange.
The decision was announced yesterday, presenting the SEC’s second decision to refuse a bitcoin ETF this month. As early as March 10, the SEC rejected the listing of Winklevoss twins for the Bats BZX stock exchange. They are currently trying to challenge the refusal decision and to launch a new application process.
In its decision, the SEC used the same arguments against a listing as the Winklevoss twins in the SolidX Bitcoin ETF. A lack of marketability and a deficient regulation are still the main reasons for rejection.
The Bitcoin News