FILE PHOTO: A representation of the virtual cryptocurrency bitcoin is seen in this picture illustration taken October 19, 2021. REUTERS/Edgar Su/File Photo
(Reuters) - The U.S. Securities and Exchange Commission (SEC) has asked at least one asset manager to scrap plans for a leveraged bitcoin exchange-traded fund, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter.
The SEC signaled it wants to limit new bitcoin-related products to those that provide unleveraged exposure to bitcoin futures contracts, the report said.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
