9 months ago

On August 22, the US Securities and Exchange Commission (SEC) declined nine Bitcoin ETF proposals: two from ProShares, five from Direxion and two from GraniteShares. All nine of these Bitcoin ETFs were based on Bitcoin futures, and not supported by a “physical” currency (like with VanEck / SolidX Bitcoin requests).

The Commission used overall the same reasoning in all three responses of objection.