Oct 9, 2019 ⋅ 1 min read
The SEC has rejected Bitwise's Bitcoin ETF application, according to documents published by the SEC on Wednesday. In its comment, the SEC noted:
"Although the Commission is disapproving this proposed rule change, the Commission emphasizes that its disapproval does not rest on an evaluation of whether bitcoin,10 or blockchain technology more generally, has utility or value as an innovation or an investment."
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