The US Securities and Exchange Commission (SEC) rejected a spot Bitcoin ETF proposal from Fidelity.
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The SEC has announced in its filing today that it has not approved Fidelity’s spot Bitcoin ETF proposal. The SEC issued a statement similar to the ETF proposals it previously rejected, voicing its concerns over fraud, manipulation and investor protection. The regulator also rejected the Winklevoss brothers’ ETF proposal for similar reasons.
The SEC also rejected Bitcoin ETF offers from First Trust and Skybridge Capital last week. The regulator is also expected to make a decision on ETF proposals from Stone Ridge and NYDIG by mid-March.
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