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


© Reuters. FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst

NEW YORK (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.

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



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