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U.S. regulator stands by decision to block Winklevoss bitcoin ETF

July 26, 2018 11:04 PM
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NEW YORK/WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission on Thursday stood by a decision blocking an exchange-traded fund that would have tracked bitcoin, citing concerns about market manipulation.

The securities regulator found "unpersuasive" arguments that the bitcoin ETF proposed by Cameron and Tyler Winklevoss, the twin brothers who founded crypto exchange Gemini Trust Co LLC, would be sufficiently protected from manipulation, it said in a 92-page analysis bit.ly/2K3GoWG posted on its webs...

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