More on the US SEC to ban Bitcoin leveraged fund

More on the US SEC to ban Bitcoin leveraged fund

Wall Street Journal adds more now:

  • Securities and Exchange Commission asked at least one asset manager not to proceed with plans for a leveraged bitcoin exchange-traded fund, according to a person familiar with the matter.
  • SEC indicated it wants to limit new bitcoin-related products to those that provide unleveraged exposure to bitcoin futures contracts, such as the ProShares Bitcoin Strategy exchange-traded fund, which was launched last week, the person said.

BTC update:

Earlier headlines on this are here: US regulator said not to allow leveraged Bitcoin Fund

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