SEC rejects Bitcoin ETF proposal, BTC goes below $8,000

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July 27, 2018 by
SEC rejects Bitcoin ETF proposal, BTC goes below $8,000

UNITED STATE Securities as well as Exchange Commission (SEC) introduced that it has denied the proposition of Bitcoin ETF that was sent by the Winklevoss Doubles, blog post announcement. The cost of Bitcoin dipped below the $8,000 mark, CCN reported.

The application was supposedly reviewed by the SEC for the second time after Gemini founders Cameron and Tyler Winklevoss appealed. Actually, for the 2nd evaluation, SEC started a round of public comment. Previously, on March 10, 2017 the preliminary application was denied.

The news is to be upgraded quickly.

Priya

A Business Correspondent at Ontologywiki, Priya Raja has more than three years of professional experience in journalism. She has worked as an Assistant Editor and Content Writer prior to this, and has done Technical Writing and Business Writing. Outside the professional realm, she loves blogging, painting, crafts, and dancing. Basically, anything CREATIVE!

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