SEC Rejects First Trust SkyBridge's Spot Bitcoin ETF Proposal

The rejection filed Thursday comes as no surprise given the precedent set by the SEC for a preference for ETFs that track the bitcoin futures market.

AccessTimeIconJan 20, 2022 at 3:18 p.m. UTC
Updated May 11, 2023 at 6:35 p.m. UTC

The U.S. Securities and Exchange Commission (SEC) has rejected the proposal to list a spot bitcoin exchange-traded fund (ETF) by investment advisory firm First Trust and hedge fund SkyBridge Capital.


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Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

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