Americans may be ready for a sort-of bitcoin exchange-traded fund. But they are still not yet ready for real, actually-investing-real-money-in-fake-money one, and certainly not one run by Anthony Scaramucci.
The U.S. Securities and Exchange Commission rejected Intercontinental Exchange’s NYSE Arca proposal for a Bitcoin exchange-traded fund from Anthony Scaramucci’s Skybridge Capital.
The filing did not meet "the requirement that the rules of a national securities exchange be 'designed to prevent fraudulent and manipulative acts and practices' and 'to protect investors and the public interest,'" the SEC said Thursday in a filing.
The regulator used similar arguments to deny proposals from Valkyrie Investments and Kryptoin in December.
SEC Rejects Bitcoin ETF Plan From Anthony Scaramucci’s Skybridge Capital [Bloomberg]
The SEC has blocked Anthony Scaramucci's Bitcoin ETF [Reuters via CNN Business]
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