The SEC said any rule change in favor of approving the ETF would not be ââdesigned to prevent fraudulent and manipulative acts and practicesâ nor âprotect investors and the public interest.â
SEC rejects VanEckâs spot Bitcoin ETF as BTC price falls below $63K
The SEC has rejected VanEck's spot Bitcoin ETF application, stating that approving it would not prevent fraudulent practices or protect investors, as Bitcoin's price drops below $63,000.
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