Moneycontrol NewsThe US Securities and Exchange Commission (SEC) has rejected the proposal for a rule change which would have led to the listing of Tyler and Cameron Winklevoss-led exchange traded fund based on bitcoin price movements.The rejection comes a year after SEC had turned down a rule change request from the Bats BZX Exchange which sought to list and trade shares of the Winklevoss Bitcoin Trust. The Bats requested a review of the order leading to another wave of expectations from investors that the SEC may accept a cryptocurrency based derivative.
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