Fund managers say U.S. regulator told them to suspend bitcoin bids
Samsung Electronics tips record fourth-quarter profit, misses expectations on strong won
January 8, 2018Alibaba founder says to consider Hong Kong listing: SCMP
January 8, 2018This post was originally published on this site
NEW YORK (Reuters) – Two U.S. companies withdrew proposals to launch bitcoin-based exchange-traded funds pending before the Securities and Exchange Commission (SEC) on Monday, citing ongoing concerns by the regulatory agency, filings showed.
Staff at the SEC “expressed concerns regarding the liquidity and valuation” of futures based on the digital assets, according to one of the filings. The SEC could not immediately be reached for comment.
Reporting by Trevor Hunnicutt; Editing by Sandra Maler
Our Standards:The Thomson Reuters Trust Principles.