On October 28, the Wall Street Journal reported on Wednesday that the US Securities and Exchange Commission (SEC) has asked at least one asset management company to cancel the plan to set up a leveraged Bitcoin listed trading fund (ETF).

According to the report, the SEC has hinted that it hopes that new bitcoin-related products will be limited to those that provide unleveraged exposure to bitcoin futures contracts. The SEC approved the ProShares Bitcoin Strategy ETF, which is the first ETF based on Bitcoin futures in the United States. This move is regarded as a turning point for cryptocurrencies and pushed up the price of Bitcoin. The fund started trading last week.

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#BTC# #LTC&DOGE#


Post time: Oct-28-2021