Bitcoin Plummets 18% as SEC Rejects Winklevoss Bitcoin ETF

3/13/2017

Ed. Note: This article first appeared in Bloomberg Bitcoin’s price plummeted after U.S. regulators rejected a proposal by the Winklevoss twins for a publicly traded fund based on the digital currency, dashing hopes that a government-approved investment vehicle would lead to wider interest in virtual money. The SEC refused to grant an exemption that would