The U.S. SEC has rejected a total of nine applications to list and trade various Bitcoin (BTC) exchange-traded funds (ETFs) from three different entities - ProShares, Direxion, and GraniteShares.
"The SEC came out and postponed that decision. A little spoiler alert, on September 30, SEC will likely postpone in again, because the market is not ready for it and the SEC hasn’t had the answers to their questions yet.”
This time around, the SEC has highlighted issues with security, market manipulation, and investor protection issues.
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