SEC finds spot bitcoin ETF applications lacking in details
The U.S. Securities and Exchange Commission (SEC) has reportedly found recent applications for spot Bitcoin exchange-traded funds (ETFs) wanting in specificity, despite filings from major players like BlackRock and Fidelity. The United States Securities and Exchange Commission (SEC) has reportedly deemed the recent flood of spot Bitcoin exchange-traded funds (ETFs) applications as deficient, based on a Wall Street Journal article. Insiders have shared that the topmost regulatory body has pronounced the applications insufficiently detailed. This information comes as a surprise, given the number of Bitcoin ETF applications filed this month, with notable entries from leading asset manager BlackRock and others. Gary Gensler and the SEC trying to stop Bitcoin ETFspic.twitter.com/d4ysgKuxAk — LilMoonLambo (@LilMoonLambo) June 30, 2023 Sources state that the SEC isn’t convinced that the Bitcoin ETF applicants have outlined adequately their strategies for handling a ...