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 Exchange Compensation (SEC) announced that it has turned down the proposal of Bitcoin ETF that was sent by the Winklevoss Twins, blog post statement. The price of Bitcoin dipped listed below the $8,000 mark, CCN reported.

The application was reportedly evaluated by the SEC for the second time after Gemini founders Cameron and also Tyler Winklevoss appealed. Actually, for the 2nd testimonial, SEC began a round of public comment. Formerly, on March 10, 2017 the initial application was denied.

The information is to be updated quickly.

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