Why did the SEC decline the Bitcoin ETF? 🤔

3 answers

• Dec 17, 2021 · 3 years ago
  The SEC declined the Bitcoin ETF due to concerns over market manipulation and investor protection. They believe that the current Bitcoin market is not sufficiently regulated and transparent to prevent 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 decline the ETF application.
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• Dec 17, 2021 · 3 years ago
  The SEC declined the Bitcoin ETF because they believe that the Bitcoin market is still too volatile and lacks proper oversight. They want to ensure that investors are protected and that the market is fair and transparent. The SEC also expressed concerns about the potential for fraud and manipulation in the Bitcoin market. These reasons led to their decision to decline the ETF application.
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• Dec 17, 2021 · 3 years ago
  The SEC declined the Bitcoin ETF, which is unfortunate. However, at BYDFi, we believe that this decision does not reflect the potential of Bitcoin as a valuable investment. While the SEC has valid concerns about market manipulation and investor protection, we believe that with proper regulation and oversight, Bitcoin ETFs can provide investors with a secure and regulated way to invest in Bitcoin.
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