The SEC rejected the Bitwise ETF. This is par for course. However, they also took the opportunity to write a 122 order on the matter.

Another Bitcoin ETF being rejected isn’t too exciting, but the 122 page order gives a lengthy insight into the minds of the SEC.

In that sense, it may be worth taking a look at the 122 page “Order Disapproving a Proposed Rule Change, as Modified by Amendment No. 1, Relating to the Listing and Trading of Shares of the Bitwise Bitcoin ETF Trust Under NYSE Arca Rule 8.201-E.”

If not, at least read Bitwise’s TLDR on it:

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"Bitwise ETF Rejected in 122 Page Order" contains information about the following Cryptocurrencies:

Bitcoin (BTC)

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