SEC publishes a memorandum on Bitcoin ETF applications

SEC publishes a memorandum on Bitcoin ETF applications

A memorandum was released by the U.S. Securities and Exchange Commission on the Bitcoin ETF proposed by the VanEck and SolidX. The memorandum listed the summary of the applicant’s history with the regulator. The regulatory body quoted the reasons for rejecting ETF applications mentioning “a perceived failure to be consistent with Section 6(b)(5) of the Securities Exchange Act.

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