Saturday, November 26, 2022
Crypto To NFT
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Dogecoin
  • Litecoin
  • Luna
  • Nft’s
  • Metaverse
  • Regulation
No Result
View All Result
Crypto To NFT
No Result
View All Result
ADVERTISEMENT
Home Bitcoin

U.S. SEC rejects carbon-neutral bitcoin ETF by One River

Crypto To NFT by Crypto To NFT
May 27, 2022
in Bitcoin
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT

[ad_1]

NEW YORK, May 27 (Reuters) – The U.S. Securities and Exchange Commission on Friday rejected a proposal to list and trade a carbon-neutral spot bitcoin exchange-traded fund (ETF) by asset management firm One River on the NYSE Arca exchange, citing concerns over fraud-prevention measures.

The One River Carbon Neutral Bitcoin Trust proposal by NYSE Arca, which is owned by Intercontinental Exchange Inc (ICE.N), did not meet the standards for exchanges designed to prevent fraudulent and manipulative practices and protect investors and the public interest, the Wall Street regulator said.

“The Commission emphasizes that its disapproval of this proposed rule change does not rest on an evaluation of whether bitcoin, or blockchain technology more generally, has utility or value as an innovation or an investment,” the SEC said.

Register now for FREE unlimited access to Reuters.com

Rather, the proposal was not approved because it did not meet the requirement that the rules of a national securities exchange be “designed to prevent fraudulent and manipulative acts and practices” and “to protect investors and the public interest,” the SEC said.

To meet its obligations, an exchange would have to show that it has a comprehensive surveillance-sharing agreement with a regulated market of significant size related to the underlying bitcoin assets, the SEC said.

Related articles

bitcointora.online

Is bitcointora.online Legit Website?

October 21, 2022
what is stellar coinbase quiz

Coinbase Earn Quiz Answers – Learn and Earn

October 21, 2022

It was the latest in a series of rejections by the market regulator to approve an ETF that tracks the underlying digital asset, including those from Fidelity, NYDIG and SkyBridge earlier this year.

One River intended to offset the carbon footprint associated with the bitcoins in its fund by paying for the retirement of voluntary carbon credits equal to the daily estimated carbon emissions associated with the bitcoins held by the trust, according to the proposal.

Register now for FREE unlimited access to Reuters.com

Reporting by John McCrank; Editing by Leslie Adler

Our Standards: The Thomson Reuters Trust Principles.

[ad_2]

Source link

Tags: bitcoincarbonneutralETFrejectsRiverSEC
Share76Tweet47
ADVERTISEMENT

Related Posts

bitcointora.online

Is bitcointora.online Legit Website?

by Crypto To NFT
October 21, 2022
0

Review On Bitcointora.online How do you know if bitcointora.online is legit or a scam? You may want to learn about...

what is stellar coinbase quiz

Coinbase Earn Quiz Answers – Learn and Earn

by Crypto To NFT
October 21, 2022
0

Quiz Answers Coinbase Stellar Lumens XLM Quiz Answers: What is stellar lumens coinbase quiz answers? What are stellar lumens (xlm)...

ETH Selloff Intensifies Heading Into the Weekend – Market Updates Bitcoin News

by Crypto To NFT
May 27, 2022
0

ETH was trading lower for a third straight session on Friday, as prices neared an 11-month low. This comes whilst...

Bitcoin vs Ethereum – Forbes Advisor UK

by Crypto To NFT
May 27, 2022
0

Bitcoin and Ethereum are the Coca-Cola and Pepsi of the cryptocurrency space. As the number one and two biggest names...

Bitcoin, Dogecoin and XRP Now Accepted as Payment by Luxury Tour Operator Scott Dunn

by Crypto To NFT
May 27, 2022
0

Bitcoin, Dogecoin and XRP are now accepted as payments by Scott Dunn as Nuvei announces its partnership with the luxury tour...

Load More
  • Trending
  • Comments
  • Latest
My NEO Group and Crypto Expo Milan

Strategic agreement between My NEO Group and Crypto Expo Milan

October 21, 2022
what is stellar coinbase quiz

Coinbase Earn Quiz Answers – Learn and Earn

October 21, 2022
bitcointora.online

Is bitcointora.online Legit Website?

October 21, 2022

Brainard tells House committee about potential role of CBDC, future of stablecoins

May 27, 2022

DeFi Tokens Under Fire As Altcoin Bloodbath Continues

0

U.S. SEC rejects carbon-neutral bitcoin ETF by One River

0

How StableFunds Has Made It Extremely Easy to Trade Altcoins – Sponsored Bitcoin News

0

Litecoin Price Predictions: Where Will the LTC Crypto Go Amid Altcoin Pain?

0
legend of genji

Legend of Genji

November 26, 2022

Which part(s) of the brain, when impaired by alcohol, play an important role in memory:

November 23, 2022

Foods to Avoid While Taking Nitrofurantoin Macrodantin

November 23, 2022

Video Games and NFTs: Getting Started with Playing P2E Games

November 23, 2022
ADVERTISEMENT

Recent News

legend of genji

Legend of Genji

November 26, 2022

Which part(s) of the brain, when impaired by alcohol, play an important role in memory:

November 23, 2022

Pages

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Submit Guest Post

Category

  • Altcoin
  • Bitcoin
  • Blockchain
  • Bye Bye Belly
  • coffee and lemon
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Luna
  • Metaverse
  • Nft's
  • Regulation
  • Trends
  • Uncategorized
  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Submit Guest Post

Crypto To NFT © 2022 All Rights Reserved.

No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Dogecoin
  • Litecoin
  • Luna
  • Nft’s
  • Metaverse
  • Regulation

Crypto To NFT © 2022 All Rights Reserved.