Fund managers say U.S. regulator told them to suspend bitcoin bids

By Kitco News / January 08, 2018 / www.kitco.com / Article Link

NEW YORK, Jan 8 (Reuters) - Two U.S. companies withdrew proposals to launch bitcoin-based exchange-traded funds pending before the Securities and Exchange Commission (SEC) on Monday, citing ongoing concerns by the regulatory agency, filings showed.

Staff at the SEC "expressed concerns regarding the liquidity and valuation" of futures based on the digital assets, according to one of the filings. The SEC could not immediately be reached for comment.


(Reporting by Trevor Hunnicutt; Editing by Sandra Maler)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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