No leverage allowed! Rumor has it that the U.S. SEC has refused to approve a leveraged bitcoin ETF

The SEC has reportedly told at least one asset management firm not to move forward with plans for a leveraged bitcoin ETF.

The Securities and Exchange Commission (SEC) has reportedly told at least one asset management firm not to move forward with plans for a leveraged bitcoin ETF, WisdomTree has learned.

The report notes that the SEC appears to want to limit new bitcoin-related products to those that offer unleveraged exposure to bitcoin futures contracts.