This should be taken as good news, as a leveraged ETF would be great for Wall Street derivatives trader, but bad for Bitcoin as an asset. And this is proof that Gary Gensler and the SEC aren't totally corrupt. This is proof there is some rhyme to their reason.
https://www.coindesk.com/policy/2021/10/28/sec-will-not-approve-leveraged-bitcoin-etf-report/
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