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SEC rejects bitcoin-based ETF
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finextra.comThe SEC has previously rejected other application for bitcoin ETFs, but recently gave the greenlight to the first bitcoin futures-based ETFs, leading to speculation that it could approve the VanEck plan.
Other applications are awaiting rulings.Among the concerns cited by the SEC are potential price manipulation by bitcoin whales, so-called "wash trading", and possible “manipulative activity involving the purported ‘stablecoin’ Tether”.
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