What are the challenges faced by Bitcoin ETFs in gaining approval from SEC Commissioner Jackson?

3 answers

• Dec 25, 2021 · 3 years ago
  One of the main challenges faced by Bitcoin ETFs in gaining approval from SEC Commissioner Jackson is the concern over market manipulation. The SEC is worried that the lack of regulation in the cryptocurrency market could lead to price manipulation and fraud. In order to gain approval, Bitcoin ETFs need to demonstrate that they have robust measures in place to prevent market manipulation and protect investors.
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• Dec 25, 2021 · 3 years ago
  Another challenge is the volatility of the Bitcoin market. The SEC is concerned that the price of Bitcoin can fluctuate dramatically, which could lead to significant losses for investors. Bitcoin ETFs need to address this concern by implementing risk management strategies and providing clear information to investors about the risks associated with investing in Bitcoin.
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• Dec 25, 2021 · 3 years ago
  From BYDFi's perspective, one of the challenges faced by Bitcoin ETFs in gaining approval from SEC Commissioner Jackson is the perception of cryptocurrencies as a risky and speculative investment. The SEC has previously expressed concerns about the lack of investor protection in the cryptocurrency market. Bitcoin ETFs need to address these concerns by implementing strict regulatory measures and providing transparency to investors.
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