The U.S. Securities and Exchange Commission told the
#Nasdaq and Cboe exchanges recent filings from BlackRock, Fidelity and for spot bitcoin
#ETF funds weren't "clear and comprehensive," the Wall Street Journal reported, citing people familiar.
The SEC said it returned filings because they didn’t provide enough information about surveillance arrangements, the
#WSJ said.
#bitcoin quickly plunged on the news, declining from over $31,000 to $30,080.
#crypto2023