Wilshire Phoenix Slams SEC for Bitcoin ETF Rejection

Cointelegraph

Published Feb 29, 2020 07:33AM ET

Updated Feb 29, 2020 09:22AM ET

Wilshire Phoenix Slams SEC for Bitcoin ETF Rejection

Wilshire Phoenix, a New York-based asset management firm, has responded to the United States Securities and Exchange Commission (SEC) rejecting its proposed Bitcoin (BTC) exchange-traded fund (ETF).

The firm states it is “very disappointed” by the SEC’s ruling, emphasizing that it went to great lengths to ensure compliance with the SEC’s expectations:

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