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.
A Business Correspondent at Cryptodailydose, Priya Raja has more than three years of professional experience in journalism. She has worked as an Assistant Editor and Content Writer prior to this, and has done Technical Writing and Business Writing. Outside the professional realm, she loves blogging, painting, crafts, and dancing. Basically, anything CREATIVE!