SEC rejects Bitcoin ETF proposal, BTC goes below $8,000

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July 27, 2018 by
SEC rejects Bitcoin ETF proposal, BTC goes below $8,000

U.S. Securities as well as Exchange Commission (SEC) introduced that it has declined the proposition of Bitcoin ETF that was sent by the Winklevoss Twins, post news. The rate of Bitcoin dipped below the $8,000 mark, CCN reported.

The application was reportedly assessed by the SEC for the 2nd time after Gemini co-founders Cameron and also Tyler Winklevoss appealed. In fact, for the 2nd evaluation, SEC began a round of public remark. Formerly, on March 10, 2017 the first application was denied.

The news is to be updated soon.

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