Crypto Market Stumbles As SEC Denies 9 Bitcoin-Backed ETF Proposals

Bitcoin-backed ETFs remain a hot topic in the cryptosphere, with the SEC recently revealing that it had denied an amassment of ETF proposals for the umpteenth time.
The Sky Is Falling. The Sky Is Falling. 
Cryptocurrency ETFs have long been held as the future for this nascent industry, with optimists noting that a US-based Bitcoin ETF could propel prices and innovation to newfound heights. But on Wednesday, proponents of a crypto-backed ETF were dealt a crippling blow, as the U.S. Secu