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SEC rejects VanEck’s Bitcoin ETF as Cointelegraph drops BTC price below $ 63K

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© Reuters.

The U.S. Securities and Exchange Commission, or SEC, has officially disapproved of VanEck’s assets traded in exchange for managers ’assets one month after the company filed its application.

According to a Friday file, the SEC discard A change in the proposed rules for listing and trading VanEck’s Bitcoin shares from the Cboe BZX Exchange (BTC) Confidence. Specifically, the SEC said any change in the rules in favor of ETF approval would not be “designed to prevent fraud and manipulation actions and practices” nor “to protect investors and the public interest.”