SEC reportedly knocks back Valkyrie’s leveraged Bitcoin ETF By Cointelegraph

Billionaire Marc Lasry Wishes He Owned More Bitcoin
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Reports are emerging that the U.S. Securities and Exchange Commission has rejected one, or possibly two, recent exchange-traded fund applications signaling that the regulator is not quite ready for more exotic futures products just yet.

Just a day or so after Valkyrie filed for a leveraged Bitcoin futures ETF and Direxion applied for an inverse fund for bears, the SEC appears to have vetoed them both.

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