SEC rejects VanEck ETF that sought to track bitcoin directly

SEC rejects VanEck ETF that sought to track bitcoin directly

November 12, 2021 Samatha Klemp 0

Selim Korkutata | Anadolu Agency | Getty ImagesThe Securities and Exchange Commission announced Friday it rejected a bitcoin exchange-traded fund run by VanEck that would have directly tracked the digital currency’s price moves.The application was filed in March by the Cboe BZX Exchange, which wanted the SEC to make a rule change allowing it to…