These cryptocurrency products lack adequate liquidity and are problematic in the evaluation of the evaluation. This American Securities and Exchange Commission has informed two bitcoin exchange traded fund candidates.
Two Firms Withdraw Bitcoin ETF Proposals from SEC
It is in accordance with the reports, as the regulator has reportedly expressed Bitcoin bundles together as a trade share of these prospects of futures. The US Securities and Exchange Commission (SEC), the chief regulatory body of the US Volume, sent negative signals to the Bitcoin ETF candidates.
SEC vs CFTC
They also agree to give testimony before the Congress at the end of this month so that a status report can be given to MPs. This CFTC has been unusually welcome despite the pressure to reject crypto in mainstream.
Source - https://news.bitcoin.com/two-more-bitcoin-etf-proposals-withdrawn