SEC rejects Ark 21Shares’ spot Bitcoin ETF again

SEC has denied the Ark Investment and 21 Shares joint spot Bitcoin ETF application.
The agency says proposal failed to meet requirements as per securities laws, citing fraud and manipulative practices once again.
It’s the second time the SEC has rejected an ETF proposal by the two firms, after denying the first one in April last year.The US Securities and Exchange Commission (SEC) has disapproved a proposal seeking to list a spot Bitcoin exchange-traded fund (ETF) for the US market.
In a