U.S. Stocks as well as Exchange Commission (SEC) announced that it has declined the proposition of Bitcoin ETF that was submitted by the Winklevoss Doubles, article statement. The rate of Bitcoin dipped listed below the $8,000 mark, CCN reported.
The application was apparently reviewed by the SEC for the 2nd time after Gemini co-founders Cameron as well as Tyler Winklevoss appealed. As a matter of fact, for the 2nd review, SEC started a round of public remark. Previously, on March 10, 2017 the first application was declined.
The news is to be updated quickly.
A Business Correspondent at Stellar Cobelt, 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!