Hello steemians,
Today I came to you notice about bitcoin ETF approval . Did the bitcoin ETF approve ?? No, not now.
- interodutcion*
This times also Us security and exchange commission (SEC) rejected 9 application of bitcoin ETF. People was waiting for Good news but it is gone again negative badly. Cripto market bleedly badly. Disapproval come one day ago of anticipated deadline August 23 . Investors company proshare submitted a application connection with New York exchange ETF.
why bitcoin ETF rejected again
1 . Exchange has not met its burden under the exchange act
2 National securities exchange rules to designed to prevent fraud and manupleting acts and practies .
3 SEC told that Bitcoin price manupleting preventing very difficult and bitcoin is not strong ,incompleted asset.
4.SEC says that Bitcoin sized derivatives market
5 SEC says that Exchange has offered no record evidence to demonstrate that Bitcoin
conclusion
SEC says that manupleting market and practices should be stop. This time bitcoin ETF submitted by two investors Finacial company .one is vanek and second is solidex, These are trading on COBE. Bitcoin are currently trading around 6200-6300 $.
I shared this information bcoz everyone is keeping eyes on this update. We hope that ETF will approve in new coming days bcoz Cripto market is not stoppable.
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Rajendra Kumawat
