The U.S. Securities and Exchange Commission told the Nasdaq and Cboe exchanges that recent filings for spot bitcoin ETF funds weren't 'clear and comprehensive,' the Wall Street Journal reported.
The SEC said it returned filings because they didn’t provide enough information about surveillance sharing arrangements, the WSJ said. Asset managers can update language and refile, the WSJ reported.
The WSJ cited a Cboe spokeswoman as saying it intends to update and refile. Nasdaq and the SEC declined to comment, the WSJ said.Bitcoin quickly plunged on the news, declining from over $31,000 to $29,830.the mad rush for a spot bitcoin ETF on Thursday, following other firms like BlackRock, WisdomTree and Invesco, which have all made similar filings in recent weeks.
."Basically SEC wants them to name the"crypto exchange" and give more details on SSA. That's understandable, arguably good news. I was under impression they'd have to update that as well."
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cboe amends filing for Ark's bitcoin ETF to include BlackRock-like featureThe revised filing for a spot bitcoin ETF includes a surveillance sharing agreement to deter fraud and market manipulation.
Read more »
Cboe filing shows plans for Fidelity spot bitcoin ETFA pending 19b-4 filing posted by Cboe on its website Thursday shows plans for a Fidelity spot bitcoin ETF.
Read more »
WSJ News Exclusive | SEC Says Spot Bitcoin ETF Filings Are InadequateThe Securities and Exchange Commission said a recent wave of applications filed by asset managers to launch spot bitcoin exchange-traded funds are inadequate
Read more »
Bitcoin Tumbles on Report of SEC Saying Spot BTC ETF Filings InadequateLook out below. The price of bitcoin is plunging Friday morning after the WSJ reported the SEC as saying the spate of recent spot $BTC ETF filings are 'inadequate.' SteveAlpher reports
Read more »
SEC says spot bitcoin ETF filings not clear and comprehensive - WSJThe Securities and Exchange Commission said a recent wave of applications filed by asset managers to launch spot bitcoin exchange-traded funds were not sufficiently clear and comprehensive, the Wall Street Journal reported on Friday.
Read more »
Bitcoin dives after WSJ report on 'inadequate' spot bitcoin ETF filingsBitcoin shed more than 4% in just 20 minutes after the Wall Street Journal reported that the SEC told the Nasdaq and Cboe exchanges that recent filings for spot bitcoin ETF funds weren’t “clear and comprehensive.”
Read more »