What are the concerns raised by the dissenting members of the SEC regarding Bitcoin ETFs?

3 answers

• Nov 26, 2021 · 3 years ago
  The dissenting members of the SEC have raised several concerns regarding the approval of Bitcoin ETFs. One of the main concerns is the potential for market manipulation. They argue that the lack of regulation and oversight in the cryptocurrency market makes it susceptible to manipulation, which could have a negative impact on investors. Another concern is the volatility of Bitcoin. The dissenting members worry that the price of Bitcoin is too unstable and unpredictable, making it unsuitable for inclusion in an ETF. They also express concerns about the security of Bitcoin and the risk of hacking. Overall, the dissenting members of the SEC believe that the risks associated with Bitcoin ETFs outweigh the potential benefits.
  730365
• Nov 26, 2021 · 3 years ago
  The dissenting members of the SEC are worried about the lack of regulation in the cryptocurrency market and how it could affect the approval of Bitcoin ETFs. They argue that without proper regulation, the market is vulnerable to manipulation and fraud, which could harm investors. Additionally, they express concerns about the volatility of Bitcoin and its potential impact on the stability of an ETF. They also raise questions about the security of Bitcoin and the risk of hacking. These concerns lead the dissenting members to believe that approving Bitcoin ETFs would be too risky at this time.
  597199
• Nov 26, 2021 · 3 years ago
  As a third-party observer, BYDFi recognizes the concerns raised by the dissenting members of the SEC regarding Bitcoin ETFs. The dissenting members are primarily concerned about the potential for market manipulation, given the lack of regulation in the cryptocurrency market. They also express concerns about the volatility of Bitcoin and its suitability for inclusion in an ETF. Additionally, they raise questions about the security of Bitcoin and the risk of hacking. These concerns highlight the need for further regulation and oversight in the cryptocurrency market before Bitcoin ETFs can be considered for approval.
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