Jen Wieczner — What the SEC Bitcoin ETF Decision Means for the Future of Cryptocurrency

… the SEC made a decision Friday to prevent the proposed ETF, the Winklevoss Bitcoin Trust, from joining a stock exchange, citing "concerns about the potential for fraudulent or manipulative acts and practices" in Bitcoin trading. The sponsors of the ETF, the Winklevoss twins known for their controversial role in the founding of Facebook (FB, +0.40%)), had proposed that the Bitcoin-only fund would trade like a regular stock under the ticker symbol "COIN."...

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What the SEC Bitcoin ETF Decision Means for the Future of Cryptocurrency

Jen Wieczner