Posted 3/13/2024, 8:14:00 AM
SEC Orders Firms to Abandon Bitcoin ETF Application After Lack of Response
- First Trust and SkyBridge filed for a bitcoin ETF in March 2021, but the application was unsuccessful
- The SEC ordered the firms to declare the bitcoin ETF application abandoned
- First Trust and SkyBridge failed to respond to prior SEC communications about the application
- The firms didn't re-apply for a bitcoin ETF after BlackRock's application was approved
- Bitcoin is currently trading near $72,000
