WisdomTree Spot Bitcoin ETF Rejected By SEC Again

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The SEC has yet again denied WisdomTree’s efforts for a U.S. spot Bitcoin ETF. Their ruling comes as the design of WisdomTree’s fund was found to not protect enough against “fraudulent and manipulative” practices so in the best interest of the investor the SEC declined. The final decision comes after two separate delays in March and August as well as an initial denial last December.

ETF Newz Says:

Spot Bitcoin ETFs haven’t found success in the U.S. but Canada and Australia have launched a few in Bitcoin as well as Ethereum.


Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

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