ETF: US SEC flags bitcoin ETF concerns to asset managers citing lack of clarity
The US Securities and Exchange Commission (SEC) has said recent applications by asset managers to launch spot bitcoin exchange-traded funds (ETFs) were not sufficiently clear and comprehensive, a source familiar with the matter said.The SEC has communicated its concerns to the exchanges Nasdaq and Cboe Global Markets which filed the applications on behalf of asset managers including BlackRock and Fidelity, the source added on Friday. Bitcoin, which has jumped since BlackRock filed its application on June 15, fell after…