The crypto markets retreated late Thursday after the U.S. Securities and Exchange Commission (SEC) once again rejected the Winklevoss Twins’ attempt to list a Bitcoin ETF, citing concerns over fraud and manipulation of the digital currency.
The June proposal from BATS BZX Exchange to list and trade the Winklevoss Bitcoin Trust’s commodity-based shares was voted down 3-1 by the commission. This comes roughly a year after the SEC first rejected the listing.
The AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, dropped 4.5% to 106.71 following the news as Bitcoin lost the $8,000 psychological support. Over the previous week, the index hit a high of 112.44.
Winners in the down market right now include Neblio (+20.85%) and VeChain (+19.32%), which has surged after Binance, the world’s most popular cryptocurrency exchange, announced that it will airdrop 100 million VeThor (VTHO) to holders of VeChain (VET) on their platform.
Other cryptocurrency categories have also dipped over the last 24 hours. The AltDex Exchange Token Index (ALTEXC), a benchmark index for the industry’s leading exchange tokens, has decreased 2.61% while the AltDex Privacy Index (ALTPRV), a benchmark index of privacy-focused cryptocurrencies and tokens, is down 4.46%.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.