ProShares and VanEck are withdrawing their requests for bitcoin ETFs

ProShares and VanEck both withdrew requests to the Securities and Exchange Commission to launch bitcoin-linked exchange traded funds on Tuesday. 
Bitcoin ETFs have long been viewed as a natural next step in the maturation of the bitcoin market. Two financial services giants — ProShares and VanEck — are withdrawing requests to the Securities and Exchange Commission to list bitcoin ETFs. 
VanEck, which filed for its actively managed Bitcoin Strategy ETF on December 11, a