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Will VanEck’s ETF rejection drag Bitcoin’s price below $60k
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Friday was quite a ‘happening’ day in the crypto market. Amidst the broader bearish sentiment, the US Securities and Exchange Commission announced that it rejected VanEck’s Bitcoin exchange traded fund.
<p lang=«en» dir=«ltr» xml:lang=«en»>SEC REJECTS VANECK SPOT BITCOIN ETF— *Walter Bloomberg (@DeItaone) November 12, 2021
The application was, notably, filed in March by the Cobe BZX Exchange, that wanted the agency to make a rule change by allowing it to list the VanEck Bitcoin fund. In Friday’s announcement, however, the SEC asserted that Cobe hadn’t done enough to show that it could prevent fraudulent trading to protect investors.
The aforementioned news was obviously not received well by people from the community. However, contrary to one’s
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