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SEC Denies New Requests For Bitcoin-Backed ETFs

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Aug.23 — Bitcoin has suffered another setback from the U.S. Securities and Exchange Commission as it rejected a new round of attempts to list exchange-traded funds backed by the cryptocurrency. Bloomberg’s Jason Kelly reports on “Bloomberg Daybreak: Americas.”

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2 Comments

  1. XRP Freak

    August 23, 2018 at 4:35 pm

    They can only hold it down for a limited time, eventually bitcoin goes to 6 figures.

    Reply

  2. Saint of Last Resorts

    August 23, 2018 at 9:56 pm

    The funds were not backed by bitcoin but by futures contracts

    Reply

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