- The regulator closed all requests, including the one from BlackRock
- Commission said applications do not meet transparency requirements
- The bitcoin exchange rate fell to $29 thousand at the moment
Today, June 30, the Securities and Exchange Commission (SEC) closed applications for spot bitcoin ETFs on Nasdaq and Cboe. The regulator’s refusal was dictated by insufficient information regarding the information exchange agreement (SSA).
This applies not only to WisdomTree, Invesco, Fidelity and others, but also to the BlackRock fund and Ark Invest. Recall that the last two companies specifically included a clause on the mutual exchange of information (SSA).
Moreover, Ark Invest did this after the fact, hoping to outperform competitors. A spokesman for Cboe said in a comment to the WSJ that the exchange intends to resubmit after the correction.
Nasdaq and the SEC declined to clarify the situation. Against the backdrop of this news, the bitcoin rate sank at the moment by more than 3%. At the time of writing this material, the asset is trading at $30,054.9. The drawdown is clearly visible on the chart: