The U.S Securities and Exchange Commission (SEC) have denied the proposal made by the Winklevoss twins, which would have created the first Bitcoin exchange-traded fund.
The SEC has denied the Bitcoin ETF proposal that Tyler and Cameron Winklevoss have been working on for nearly four years (Nasdaq: COIN). An ETF, viz. Exchange traded fund, is a marketable security that tracks an index, commodity, bond, or a basket of assets like an index fund, that trades like a stock.
You can read the full article here: https://coinidol.com/nasdaq-coin-denied ... g-trading/