Cry me a One River. Another spot Bitcoin has been denied by the SEC, this tme by cryptocurrency-focused hedge fund One River Digital.
) spot exchange-traded fund applications Friday when it disapproved a rule change to allow cryptocurrency-focused hedge fund One River Digital to offer the One River Carbon Neutral Bitcoin Trust on the New York Stock Exchange Arca. The decision comes somewhat ahead of schedule, as the agency hadthat, when considering One River's proposed rule change, it applied"the same standard used in its orders considering previous proposals to list bitcoin-based commodity trusts.
“[...] disapproval of this proposed rule change does not rest on an evaluation of whether bitcoin, or blockchain technology more generally, has utility or value as an innovation or an investment.” One River Digital was established in 2020 by Eric Peters, founder of One River Asset Management, and is
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