SEC Rejects Latest Bitcoin ETF Bid
Feb 26, 2020 at 20:48 UTCUpdated Feb 26, 2020 at 21:20 UTCThe U.S. Securities and Exchange Commission (SEC) rejected Wilshire Phoenix's bid for a bitcoin-based exchange-traded fund (ETF).In a filing posted Wednesday, the securities regulator wrote the New York-based Wilshire Phoenix had not proven the bitcoin (BTC) market is sufficiently resistant to market manipulation. Wilshire,…