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

U.S. Securities and also Exchange Compensation (SEC) revealed that it has denied the proposition of Bitcoin ETF that was sent by the Winklevoss Twins, blog post statement. The cost of Bitcoin dipped listed below the $8,000 mark, CCN reported.

The application was reportedly reviewed by the SEC for the 2nd time after Gemini founders Cameron as well as Tyler Winklevoss appealed. In fact, for the second review, SEC began a round of public remark. Formerly, on March 10, 2017 the preliminary application was declined.

The news is to be upgraded soon.

Priya

A Business Correspondent at Peopleperbitcoin, 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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