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

UNITED STATE Securities as well as Exchange Payment (SEC) announced that it has actually rejected the proposition of Bitcoin ETF that was submitted by the Winklevoss Doubles, blog post statement. The cost of Bitcoin dipped below the $8,000 mark, CCN reported.

The application was supposedly assessed by the SEC for the second time after Gemini co-founders Cameron and Tyler Winklevoss appealed. As a matter of fact, for the 2nd review, SEC started a round of public comment. Formerly, on March 10, 2017 the first application was denied.

The news is to be updated quickly.

Priya

A Business Correspondent at Custom Coins, 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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