What are the reasons behind SEC's rejection of the Bitcoin ETF?

3 answers

• Nov 28, 2021 · 3 years ago
  The SEC rejected the Bitcoin ETF due to concerns about market manipulation and lack of investor protection. They believe that the Bitcoin market is still relatively small and unregulated, making it vulnerable to manipulation. Additionally, the SEC expressed concerns about the custody of Bitcoin and the potential for theft or loss. These factors led to their decision to reject the ETF application.
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• Nov 28, 2021 · 3 years ago
  The SEC's rejection of the Bitcoin ETF can be attributed to their cautious approach towards cryptocurrencies. They have been hesitant to approve any cryptocurrency-related financial products due to the high volatility and lack of regulation in the market. The SEC wants to ensure that investors are protected and that the market is fair and transparent before approving any ETFs.
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• Nov 28, 2021 · 3 years ago
  The rejection of the Bitcoin ETF by the SEC is not surprising. The SEC has been known to be skeptical of cryptocurrencies and has previously rejected several ETF applications. They have concerns about the underlying market and the potential for fraud and manipulation. It's important to note that the SEC's decision does not reflect the potential of Bitcoin or other cryptocurrencies, but rather their concerns about the current state of the market.
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