#Winklevoss Bitcoin Trust

The U.S. Securities and Exchange Commission for the second time disapproved a Bats BZX Exchange application to list the Winklevoss Bitcoin ETF, causing the bitcoin price to drop by more than 3.5% to below $8,000.

The US Securities and Exchanges Commission (SEC) wants more time to examine Winklevoss Bitcoin Trust, an exchange-traded fund (ETF) established by the Winklevoss brothers, owners of the Gemini exchange.