The U.S. Securities and Exchange Commission (SEC) has rejected the application for a Bitcoin exchange-traded fund by brothers Tyler and Cameron Winklevoss, according to a release published by the SEC Thursday, July 26. SEC and 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 Brothers Tyler in 26 July 26 , due to the highly unregulated nature of bitcoin markets. Following the rejection, the SEC 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".
SEC and 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 Brothers Tyler in 26 July 26 , due to the highly unregulated nature of bitcoin markets. Following the rejection, the SEC 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".