Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
TechFlow news — Bloomberg ETF senior analyst Eric Balchunas posted on X that the U.S. SEC ordered First Trust SkyBridge Bitcoin ETF Trust to declare its application "abandoned" on Tuesday.
According to Eric Balchunas, the specific reason why the company did not re-enter the BTC spot ETF race remains unclear. If this ETF had launched, it could have brought an additional 15% in fund flows.
Bloomberg ETF senior analyst Eric Balchunas posted on X that the U.S. SEC ordered First Trust SkyBridge Bitcoin ETF Trust to declare its application "abandoned" on Tuesday. Eric Balchunas noted that the specific reason for the company's withdrawal from the spot BTC ETF race is unclear, but if this ETF had launched, it could have generated an additional 15% in fund flows.
Navigating Web3 tides with focused insights
