The lack investor protection hinders the approval of Bitcoin exchange-traded funds (ETFs) saidthe Securities and Exchange Commission (SEC) chairman Jay Clayton. The main concern for Chairaman Claiton remains the fact that cryptocurrencies can still be too easily stolen or manipulated on the so called crypto exchanges. The remarks were made at the Consensus Invest Conference in Manhattan, New York. He added that the problem has to be resolved before SEC would make any move to allow the first Bitcoin ETFs. “What investors expect is that trading in the commodity that underlies that ETF makes sense and is free from the risk of manipulation,” Clayton said, adding that such “kinds of safeguards do not exist currently in all of the exchange venues where digital currencies trade… It’s an issue that needs to be addressed before I would be comfortable.”
Sounds like they want to regulate crypto exchanges. Well if anything was going to kill crypto, it was regulation.
%% Nothing hurts a con/bitcon like regulators. We paid, was it $5 or 10 to see a con, but we knew it was a con -''The Sting movie'' And they disclosed it was con
Why do they need an ETF? If you dont want regulation dont go after an ETF. If you want to pump the price through an ETF expect regulation. You cant have it both ways
I don't think anything can eliminate cryptocurrencies. China banned them and but people are still mining them.
It is the HFs who want it not the cryptofans. Most HFs can't invest directly in cryptos, so ETFs would be their way of entering this market, thus the push...