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The U.S. Securities and Exchange Commission or the SEC has officially disapproved of WisdomTree’s asset manager (BTC) The exchange-traded fund (ETF) has been delayed several times this year by a decision.
According to a file filed Wednesday, the SEC discard A proposed rule change from the Cboe BZX Exchange to list and trade WisdomTree’s Bitcoin Trust shares. Specifically, the SEC said that any change in the rules in favor of ETF approval would not be “designed to prevent fraudulent acts and manipulative practices” or “to protect investors and the public interest.”
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