What Happened the Last Time the SEC Ruled on a Bitcoin ETF

The quest for a Bitcoin exchange-traded fund (ETF) has been a protracted journey, marked by highs and lows. 

In fact, those excited that a Bitcoin spot ETF approval could take place as soon as January may be shocked to know the initial attempt at a Bitcoin ETF dates back to July 2013 .

That’s when investors Cameron and Tyler Winklevoss, then best known for their controversial role in creating Facebook, first proposed the Winklevoss Bitcoin Trust, an exchange-traded vehicle that would open up Bitcoin to institutional investors. 

However, despite their forward-thinking proposal, the SEC officially rejected the proposal in March 2017, citing concerns about market surveillance and regulation….

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