Tiếng Việt 
SEC rejects SkyBridge application for spot Bitcoin ETF citing market manipulation concerns
WikiFX
|
1642742581000
The regulatory agency stated that there were concerns about the lack of resources dedicated to prevent manipulative acts.
Bitcoin price slid 9% to a swing low of $39,262 following the rejection.
The United States Securities & Exchange Commission (SEC) rejected a spot market Bitcoin exchange-traded fund (ETF) application from First Trust Advisors and SkyBridge. The securities regulator stated that the ETF was unable to meet the requirements to prevent fraudulent and manipulative acts and practices.
Another spot Bitcoin ETF gets rejected
Skybridge Capital, run by former White House communications director Anthony Scaramucci, previously hoped to have the Bitcoin ETF application approved by the end of last year. The SEC has been reluctant to approve a spot BTC ETF over concerns of potential price manipulation in the cryptocurrency market.
The SEC has recently rejected a rule change allowing the listing and trading of First Trust SkyBridge Bitcoin ETF Trust shares, citing similar reasons for disapproving spot BTC ETFs in the past.
The securities regulator has extended its review period twice to decide on approving or disapproving the proposed rule change in July and November before the final decision was made on January 20. SkyBridge first applied to list a spot Bitcoin ETF on the New York Stock Exchange (NYSE) in March last year.
The agency further explained that the NYSE did not meet the requirements of listing a financial product under the Exchange Act, as exchanges that seek to list a Bitcoin ETF would need to have a “comprehensive surveillance-sharing agreement with a regulated market of significant size related to the underlying or reference BTC assets.”
Bitcoin price plunges 9%
Bitcoin price fell significantly following the rejection of the SkyBridge BTC ETF by the SEC, reaching a swing low at $39,262. A descending parallel channel has formed on the 4-hour chart and the leading cryptocurrency is testing the reliability of the support at the lower boundary of the prevailing chart pattern.
Bitcoin price could consolidate within the boundaries of the governing technical pattern, but if selling pressure continues to increase, the bellwether cryptocurrency could fall toward the 127.2% Fibonacci extension level at $37,702.
Tin hot
-
ĐIỂM TIN SÁNG 16/05
WikiFX | 1652672393000
-
ĐIỂM TIN SÁNG 18/05
-
Goldman Sachs cắt giảm dự báo GDP của Mỹ
-
Tỷ lệ thất nghiệp tháng 4 ở Anh thấp nhất trong gần 50 năm
-
ĐIỂM TIN SÁNG 17/05
-
Đồng đô la tiếp tục điều chỉnh ngày 17/05
-
Đồng đô la tăng, tâm lý rủi ro được cải thiện đã thúc đẩy đồng Euro và đồng Bảng
-
Tâm trạng lạc quan suy yếu dần vào đầu tuần
-
ATC BROKER REVIEW – ĐÁNH GIÁ MỨC ĐỘ UY TÍN CỦA SÀN MÔI GIỚI ATC
-
WikiFX xuất hiện tại sự kiện Trader Festival VOL2 tại Nhật Bản
United Arab Emirates Dirham
- United Arab Emirates Dirham
- Australia Dollar
- Canadian Dollar
- Swiss Franc
- Chinese Yuan
- Danish Krone
- Euro
- British Pound
- Hong Kong Dollar
- Hungarian Forint
- Japanese Yen
- South Korean Won
- Mexican Peso
- Malaysian Ringgit
- Norwegian Krone
- New Zealand Dollar
- Polish Zloty
- Russian Ruble
- Saudi Arabian Riyal
- Swedish Krona
- Singapore Dollar
- Thai Baht
- Turkish Lira
- United States Dollar
- South African Rand
United States Dollar
- United Arab Emirates Dirham
- Australia Dollar
- Canadian Dollar
- Swiss Franc
- Chinese Yuan
- Danish Krone
- Euro
- British Pound
- Hong Kong Dollar
- Hungarian Forint
- Japanese Yen
- South Korean Won
- Mexican Peso
- Malaysian Ringgit
- Norwegian Krone
- New Zealand Dollar
- Polish Zloty
- Russian Ruble
- Saudi Arabian Riyal
- Swedish Krona
- Singapore Dollar
- Thai Baht
- Turkish Lira
- United States Dollar
- South African Rand
- Vui lòng nhập số tiền
- United Arab Emirates Dirham
- Số tiền có thể đổi
- -- United States Dollar
