Feb 28, 2020
149 Views
0 0

Wilshire Phoenix ETF Proposal Denied By SEC

Written by
  • The securities and commodities exchange revealed some less than bullish news this week in regards to the Wilshire Phoenix proposal ETF.
  • All other ETFs have been rejected by the regulator in the past leaving the market at a stalemate with lawmakers in the United States.

The securities and commodities exchange revealed some less than bullish news this week in regards to the Wilshire Phoenix proposal ETF. According to a filing on the 26th of February, the securities and exchange commission revealed that they had denied the ETF on the grounds of the company didn’t provide enough evidence showing that the bitcoin market is unable to be manipulated by malicious actors.

All other ETFs have been rejected by the regulator in the past leaving the market at a stalemate with lawmakers in the United States. The Wilshere Phoenix ETF is the latest bitcoin proposal that has seen rejection from the commission.

READ IN FULL

Article Categories:
CryptoDaily · News

Leave a Reply

Your email address will not be published. Required fields are marked *