SEC Refuses Ark 21Shares’ Bitcoin ETF Proposal 

On Friday, the United States Securities Exchange Commission turned down Ark 21Shares' Bitcoin ETF proposal. The commission's refusal makes it its sixth rejection of crypto ETFs within the space of a year. The SEC Cites its Reasons On Friday, April 1, The United States Securities Exchange Commission (SEC) delivered its verdict on Ark 21Shares' spot Bitcoin ETF proposal after several postponements. The SEC refused to approve the application, stating that the ETF did not provide adequate protection against manipulation or…