The US Securities and Exchange Commission has denied the application of SkyBridge Capital to list and trade spot Bitcoin ETF on Thursday. In the past SEC has rejected many applications for Bitcoin’s spot ETF. SkyBridge Capital filed in march for bitcoin ETF by Intercontinental Exchange Inc's NYSE Arca. Gary Gensler, SEC Chairman, has made it clear that he is not in favor of Spot Bitcoin ETF at this time.
Yash completed his graduation in b.tech (Computer Science ). Yash is passionate about applications of blockchain technology. Yash believes use of blockchain technology can transform our lives at a large scale. Yash daily reads articles, research reports and also documentation of different protocols. Yash listen to podcasts to know the view of industry experts.