Wilshire Phoenix: SEC's veto of Bitcoin ETF proposal causes great harm to the public

According to BusinessWire news, in response to the US SEC's order to reject Wilshire Phoenix's Bitcoin ETF proposal, Wilshire Phoenix issued a statement saying that it was very disappointed with the SEC's decision. We make every effort to bring the SEC's attention to this important issue, including providing extensive analysis to SEC staff, submitting key data, and proposing to provide additional information to facilitate a much-needed, regulated Bitcoin-related ETP listing in the United States . Unfortunately, the order shows that all efforts have not received the full attention of the SEC.