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 as well as Exchange Commission (SEC) introduced that it has actually turned down the proposal of Bitcoin ETF that was sent by the Winklevoss Twins, message announcement. The rate of Bitcoin dipped listed below the $8,000 mark, CCN reported.

The application was reportedly assessed by the SEC for the 2nd time after Gemini founders Cameron as well as Tyler Winklevoss appealed. In fact, for the 2nd review, SEC started a round of public comment. Previously, on March 10, 2017 the first application was denied.

The news is to be updated soon.

Priya

A Business Correspondent at Coinchats, Priya Raja has more than three years of professional experience in journalism. She has worked as an Assistant Editor and Content Writer prior to this, and has done Technical Writing and Business Writing. Outside the professional realm, she loves blogging, painting, crafts, and dancing. Basically, anything CREATIVE!

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