Feb 29, 2020 at 08:16
SEC Rejects Wilshire Phoenix’s Attempt to Launch a Bitcoin ETF
The US SEC has finally revealed it’s long awaited position on the bid filed by Wilshire Phoenix for a Bitcoin ETF. Wilshire Phoenix filed its application for a Bitcoin Exchange Traded Fund in mid 2019, but SEC only responded to it recently. The financial regulator cited fraud concerns as the major reason for rejecting the ETF application.