NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Friday rejected a proposal to list and trade a carbon-neutral spot bitcoin exchange-traded fund (ETF) by asset management firm One River on the NYSE Arca exchange.
The action was the latest in a series of rejections by the market regulator to approve a bitcoin ETF that tracks the underlying digital asset, including proposals from Fidelity, NYDIG and SkyBridge earlier this year.
(Reporting by John McCrank)
