The whole cryptocurrency market has been eagerly waiting for the approval of a Bitcoin ETF by the U.S. Securities and Exchanges Commission [SEC]. The reason the exchange-traded product is of much importance to the community is that it is considered as the gateway to drive the institutional investors into the space.
So far, the commission has rejected all the proposed rule changes with the main reason stated as concerns over market manipulation. This statement by the commission has received several criticisms, including one from one of their commissioners, Hester Peirce, wherein she published a dissent for the disapproval.
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