Date: 2023-06-24T16:56:32Z Creator: Bitfolio Academy
Is the SEC really protecting the customer against BTC price manipulation, or is it just a ploy to protect Wall Street’s interests? Gary Gensler knows that Bitcoin will benefit immensely from the influx of institutional money, which is only made possible by the approval of a Bitcoin ETF. But, the SEC has denied countless applications.
Clearly, the SEC’s stance against a spot Bitcoin ETF is plainly ridiculous. Obviously, they could care less about BTC price manipulation as evidenced by their recent approval of a futures ETF at twice the leverage. The futures ETF is clearly based on the BTC price–but it is the CME Group and Wall Street that benefits (and not the crypto community).
Has BlackRock’s Larry Fink given the wink and the nod to Gary Gensler to approve a spot Bitcoin ETF?
Let me know in the comments. 🤔
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