Why Is The SEC So Scared Of A Bitcoin ETF?

Manipulation is not unique to crypto. It’s alive and well in stock markets, not to mention toe Forex market. So why is the SEC so afraid of approving a Bitcoin ETF? And why is “manipulation” the main reason for not approving one?

While the SEC has not entirely ruled out cryptocurrencies, the virtual asset class appears to be just a little too exciting and volatile to receive approval in the near future. The Commission tends to prefer boring, iceberg-speed market movements — movements that are much less volatile and more difficult to manipulate.

Cryptocurrencies, on the other hand, tend to swing wildly, as evidenced by this month’s wild ride.  For regulators, this represents a potential threat to investors, who can easily be lured in by the promises of quick gains.

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