SEC tells Nasdaq, Cboe that spot bitcoin ETF filings are inadequate: WSJ
The U.S. Securities and Exchange Commission told the Nasdaq and Cboe exchanges recent filings from BlackRock, Fidelity and for spot bitcoin ETF funds weren’t “clear and comprehensive,” the Wall Street Journal reported, citing people familiar.
The SEC said it returned filings because they didn’t provide enough information about surveillance arrangements, the WSJ said.
Bitcoin quickly plunged on the news, declining from over $31,000 to $30,080.
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Author: Nathan Crooks
