U.S. markets close in 5 hours 1 minute
  • S&P 500

    4,175.67
    +30.48 (+0.74%)
     
  • Dow 30

    33,059.95
    +256.48 (+0.78%)
     
  • Nasdaq

    12,785.38
    +127.83 (+1.01%)
     
  • Russell 2000

    1,955.56
    +33.74 (+1.76%)
     
  • Crude Oil

    88.52
    -0.49 (-0.55%)
     
  • Gold

    1,804.70
    +13.50 (+0.75%)
     
  • Silver

    20.62
    +0.78 (+3.92%)
     
  • EUR/USD

    1.0220
    +0.0032 (+0.32%)
     
  • 10-Yr Bond

    2.7830
    -0.0570 (-2.01%)
     
  • GBP/USD

    1.2120
    +0.0049 (+0.41%)
     
  • USD/JPY

    134.7110
    -0.2590 (-0.19%)
     
  • BTC-USD

    24,157.72
    +1,027.93 (+4.44%)
     
  • CMC Crypto 200

    563.59
    +20.71 (+3.81%)
     
  • FTSE 100

    7,500.87
    +61.13 (+0.82%)
     
  • Nikkei 225

    28,249.24
    +73.37 (+0.26%)
     

U.S. SEC rejects Grayscale's spot bitcoin ETF application

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

June 29 (Reuters) - The U.S. Securities and Exchange Commission on Wednesday said in a filing that it rejected a proposal to list a spot bitcoin exchange-traded fund by Grayscale, one of the world's biggest digital asset managers, on Intercontinental Exchange Inc's NYSE Arca exchange.

Grayscale did not respond immediately to a request for comment.

The SEC has rejected more than a dozen proposals for spot bitcoin ETFs over the past year, with much of its focus on the lack of any surveillance-sharing agreements with a regulated market of significant size relating to the underlying assets.

The price of bitcoin, the largest digital currency, is down about 70% from its high of around $69,000 in November. (Reporting by Akriti Sharma in Bengaluru and John McCrank in New York; Editing by Leslie Adler)