Digital currency plunges after US regulators reject Bitcoin ETF


  • TECH
  • Monday, 13 Mar 2017

Bad for bitcoin: The digital currency's price plunged, falling as much as 18% in trading.

NEW YORK: The US Securities and Exchange Commission on Friday denied a request to list what would have been the first US exchange-traded fund built to track bitcoin, the digital currency.

Investors Cameron and Tyler Winklevoss have been trying for more than three years to convince the SEC to let it bring the Bitcoin ETF to market. CBOE Holdings Inc's Bats exchange had applied to list the ETF.

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