Brothers Tyler and Cameron , have had their bitcoin exchange - traded fund ( ETF ) application denied by the US Securities and Exchange Commission ( SEC ) . The pair had their original application for a bitcoin ETF rejected by the SEC in February 2017 , due to the highly unregulated nature of bitcoin markets . Following the rejection , the Winklevoss brothers filed “ a timely petition seeking a review of the market by delegated authority ” , which on Friday July 26 was rejected once more by the SEC , stating that the markets are “ uniquely resistant to manipulation " .
Brothers Tyler and Cameron Winklevoss have had their bitcoin exchange-traded fund (ETF) application denied by the US Securities and Exchange Commission (SEC). The pair had their original application for a bitcoin ETF rejected by the SEC in February 2017, due to the highly unregulated nature of bitcoin markets. Following the rejection, the Winklevoss brothers filed “a timely petition seeking Commission review of the disapproval by delegated authority”, which on 26 July 26 was rejected once more by the SEC, stating that crypto markets are “uniquely resistant to manipulation".