Cryptocurrencies

SEC Rejects Bitcoin ETF Plan From Anthony Scaramucci’s Skybridge Capital

Proposal is short of standards to prevent fraud, manipulation
The agency has yet to approve a U.S. spot-Bitcoin ETF

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By Allyson Versprille

January 20, 2022 at 4:16 PM UTC

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The U.S. Securities and Exchange Commission rejected Intercontinental Exchange’s NYSE Arca proposal for a Bitcoin exchange-traded fund from Anthony Scaramucci’s Skybridge Capital.