SEC Orders First Trust-SkyBridge to Declare its Bitcoin ETF Application Abandoned

Summary

First Trust’s Bitcoin ETF application was rejected by the SEC in January 2022.

Key Points

1. First Trust was one of the first to file for a BTC ETF.

2. The SEC rejected First Trust’s BTC ETF application in January 2022.

3. This decision by the SEC highlighted the challenges and regulatory hurdles faced by companies trying to launch cryptocurrency-related products.

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