Winklevoss twins’ Bitcoin ETF got rejected a second time, but…

The SEC has rejected a second proposal to list and trade shares of the Winklevoss Bitcoin Trust on the Bats BZX Exchange, which would essentially be the launch of the first Bitcoin ETF. Cameron and Tyler Winklevoss, founders of the Gemini cryptocurrency exchange and big proponents of Bitcoin, have already been rejected in March 2017. 

The SEC dismissed the amended proposal on Thursday with a 3 to 1 vote, disproving BZX’s claim that Bitcoin markets are “uniquely resistant to manipulation,” and questioning whether BZX can do enough to deter fraud and manipulation on the market. 

But this time there’s a but.  Read more…

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