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4 months ago
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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.