What are the main reasons behind the delay in Bitcoin ETF approval in the US?

3 answers

• Dec 18, 2021 · 3 years ago
  The main reason behind the delay in Bitcoin ETF approval in the US is the concern over market manipulation and lack of investor protection. The Securities and Exchange Commission (SEC) is hesitant to approve Bitcoin ETFs due to the unregulated nature of the cryptocurrency market. The SEC wants to ensure that proper safeguards are in place to prevent fraud and manipulation before approving any ETFs. Additionally, the SEC is also concerned about the volatility and potential for price manipulation in the Bitcoin market, which further contributes to the delay in approval.
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• Dec 18, 2021 · 3 years ago
  One of the main reasons for the delay in Bitcoin ETF approval in the US is the lack of a robust regulatory framework. The SEC is responsible for protecting investors and maintaining fair and orderly markets, and they are cautious when it comes to approving new financial products. Without clear regulations and guidelines for Bitcoin ETFs, the SEC is hesitant to give the green light. They want to ensure that investors are adequately protected and that the market operates in a transparent and regulated manner.
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• Dec 18, 2021 · 3 years ago
  The delay in Bitcoin ETF approval in the US can also be attributed to the SEC's concerns about custody and security. Bitcoin is a digital asset, and ensuring the safe storage and custody of these assets is a significant challenge. The SEC wants to ensure that the custodians of Bitcoin ETFs have robust security measures in place to protect investors' funds. They want to avoid any potential breaches or hacks that could lead to the loss of investors' assets. Addressing these custody and security concerns is crucial for the approval of Bitcoin ETFs.
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