The SEC disapproved the proposed “Winklevoss Bitcoin ETF

The SEC disapproved the proposed “Winklevoss Bitcoin ETF claiming it not consistent with the requirements of preventing fraudulent and manipulative acts.
The proposed trust fund was a lack of surveillance sharing agreements with significant markets for trading bitcoins or bitcoin derivatives.The second matter is that bitcoin cannot be regulated. . Therefore, as the Exchange can not enter into the ETFs—agreements.
The fund investors are the Winklevoss twins, who became famous through a legal dispute with Facebook founder Marc Zuckerberg.