SEC rejects Bitcoin ETF proposal, BTC goes below $8,000

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July 27, 2018 by
SEC rejects Bitcoin ETF proposal, BTC goes below $8,000

U.S. Stocks and Exchange Compensation (SEC) introduced that it has actually denied the proposition of Bitcoin ETF that was sent by the Winklevoss Twins, message announcement. The cost of Bitcoin dipped below the $8,000 mark, CCN reported.

The application was apparently reviewed by the SEC for the 2nd time after Gemini co-founders Cameron as well as Tyler Winklevoss appealed. In fact, for the second review, SEC began a round of public remark. Previously, on March 10, 2017 the preliminary application was denied.

The information is to be updated soon.

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