Bitcoin Derivatives ETFs Withdraw Filings at SEC Request – CoinDesk

Public documents reveal that a second US financial services firm has withdrawn an effort to create exchange-traded futures (ETFs) tied to bitcoin. In a letter dated October 5, an executive for Connecticut-based REX ETFs requested to pull back an amendment related to two previously proposed ETFs: the REX Bitcoin Strategy Fund and the REX Short Bitcoin Strategy ETF. The withdrawal is a notable one, given that the company said in August that it would seek to launch multiple investment products around cryptocurrencies.