But the SEC made a decision Friday to prevent the proposed ETF, the Winklevoss Bitcoin Trust, from joining a stock exchange, citing «
concerns about the potential for
fraudulent or manipulative acts and
practices» in Bitcoin trading.
Therefore, as the Exchange has not entered into, and would currently be unable to enter into, the type of surveillance - sharing agreement that has been in place with respect to all previously approved commodity - trust ETPs — agreements that help address
concerns about the potential for
fraudulent or manipulative acts and
practices in this market — the Commission does not find the proposed rule change to be consistent with the Exchange Act.