SEC rejects VanEck’s spot Bitcoin ETF as BTC price falls below $63K The SEC said any rule change in favor of approving the ETF would not be “‘designed to prevent fraudulent and manipulative acts and practices” nor “protect investors and the public interest.”

>"After 238 days, the SEC has rejected a proposed rule change from the Cboe BZX Exchange to list and trade shares of VanEck’s Bitcoin Trust."

>"After 238 days, the SEC has rejected a proposed rule change from the Cboe BZX Exchange to list and trade shares of VanEck’s Bitcoin Trust."

“It is essential for an exchange listing a derivative securities product to enter into a surveillance-sharing agreement with markets trading the underlying assets for the listing exchange to have the ability to obtain information necessary to detect, investigate, and deter fraud and market manipulation, as well as violations of exchange rules and applicable federal securities laws and rules.”