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 Compensation (SEC) introduced that it has declined the proposal of Bitcoin ETF that was sent by the Winklevoss Doubles, article statement. The cost of Bitcoin dipped listed below the $8,000 mark, CCN reported.

The application was apparently reviewed by the SEC for the second time after Gemini co-founders Cameron and Tyler Winklevoss appealed. In fact, for the 2nd evaluation, SEC began a round of public remark. Previously, on March 10, 2017 the preliminary application was turned down.

The information is to be updated soon.

Priya

A Business Correspondent at Penguincoinforum, 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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