US Securities and Exchange Commission (SEC) has again rejected the application to list the Bitcoin ETF on the equities exchange Cboe BZX, which is proposed to be jointly managed by ARK Investment Management and 21Shares. The first application was rejected in 2022. Although it is argued on the second application that the equity exchange has a comprehensive surveillance-sharing agreement with the Chicago Mercantile Exchange to prevent price manipulations, the SEC said the agreement did not apply to spot Bitcoin. It further explained that the exchange had not shown that there were other means sufficient to prevent fraudulent and manipulative acts and practices.
Source: https://cointelegraph.com
