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The Wall Street Publication > Blog > Markets > SEC Won’t Approve Leveraged Bitcoin Fund
Markets

SEC Won’t Approve Leveraged Bitcoin Fund

Editorial Board Published October 27, 2021
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SEC Won’t Approve Leveraged Bitcoin Fund
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The Securities and Exchange Commission asked at least one asset manager not to proceed with plans for a leveraged bitcoin exchange-traded fund, according to a person familiar with the matter.

The SEC indicated it wants to limit new bitcoin-related products to those that provide unleveraged exposure to bitcoin futures contracts, such as the ETF, which was launched last week, the person said.

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