Bitcoin’s Recent Volatility May Influence Regulators to Shut Down ETF Proposal

The excessive volatility in crypto markets has always been the SEC’s main concern when approaching an ETF.

For the most part, retail investors don’t know the difference between manipulation and more technical price moves. The SEC has a fiduciary responsibility to protect investors and the general public from significant wealth deterioration. Even though bitcoin may be one of the best wealth creators of the last decade, not everyone has the stomach to handle such volatility.

Bitcoin’s price rose 50 percent preceding its recent 30 percent slide. Jeff Dorman of Arca is near certain that the SEC has been keeping a close eye on the decentralized currency. Dorman also believes that the authority has recently been handed a stronger case to reject the upcoming VanEck and Bitwise ETF proposals.

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