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SEC again rejects application for exchange-traded bitcoin fund

March 28, 2017 | Print this page
For the second time in a month, the SEC rejected a request from Intercontinental Exchange's NYSE Arca exchange to bring a first-of-its-kind ETP tracking bitcoin to market. The SEC again denied the ability to list and trade the SolidX Bitcoin Trust, which would trade like a stock and track the digital asset's price. Previously, the regulatory agency said it had concerns with a similar proposal by investors Cameron and Tyler Winklevoss. It echoed those same concerns in this most recent announcement, saying it believes "the significant markets for bitcoin are unregulated."
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