WSJ News Exclusive | SEC Won’t Approve Leveraged Bitcoin Fund

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WSJ News Exclusive | SEC Won’t Approve Leveraged Bitcoin Fund

The Securities and Exchange Commission asked at least one asset manager not to proceed with plans for a leveraged bitcoin exchange-traded fund, according to a person familiar with the matter.

The SEC indicated it wants to limit new bitcoin-related products to those that provide unleveraged exposure to bitcoin futures contracts, such as the exchange-traded fund, which was launched last week, the person said.

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