What are the risks and challenges associated with the approval of the Bitcoin ETF in August 2018?

1 answers

• Dec 18, 2021 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi recognizes the potential risks and challenges associated with the approval of the Bitcoin ETF in August 2018. The main risk is the potential for market manipulation. The ETF would allow investors to gain exposure to Bitcoin without actually owning the cryptocurrency, which could make it easier for large institutional investors to manipulate the price of Bitcoin. This could have a significant impact on the overall cryptocurrency market. Additionally, there are concerns about the lack of regulation and oversight in the cryptocurrency market, which could make it more susceptible to fraud and market manipulation. These risks and challenges were taken into consideration by the Securities and Exchange Commission (SEC) when they rejected the Bitcoin ETF proposal in August 2018.
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