U.S. Securities and Exchange Payment (SEC) revealed that it has rejected the proposition of Bitcoin ETF that was submitted by the Winklevoss Twins, post statement. The rate of Bitcoin dipped listed below the $8,000 mark, CCN reported.
The application was supposedly evaluated by the SEC for the 2nd time after Gemini founders Cameron as well as Tyler Winklevoss appealed. In fact, for the second review, SEC started a round of public comment. Previously, on March 10, 2017 the first application was declined.
The news is to be upgraded soon.
A Business Correspondent at Perfect Bitcoins, 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!