SEC Rejects Bitcoin ETFs Because Applicants ‘Don’t Look the Part’: Abra CEO

[jiasdw]

The founder of Bitcoin payment startup Abra, Bill Barhydt has stated that he believes that a bitcoin ETF will be approved within a year, as long as the SEC feels sufficiently comfortable with the caliber of applicants trying to get permission.

Speaking to CNBC, Barhydt stated that the SEC’s refusal to grant permission to a series of bitcoin ETF applications so far is mainly down to the fact that the people making the applications “don’t fit the mold” of personalities the commission is used to engaging with.

https://www.ccn.com/sec-rejects-bitcoin-etfs-because-applicants-dont-look-the-part-abra-ceo/

[dadatosin01]

That is true. SEC are aware of a lot of crypto manipulations done by this so called exchanges, until they can find a proper regulation that will guide the exchange and crypto entirely. They wont approved bitcoin ETFs. I believe bitcoin will not happen this year, probably next year will be.

[Sadyshagg]

We don't need an ETF, because Bitcoin will survive with or without one.  However, I think an ETF approved by the SEC would elevate Bitcoin's image to a whole new level of legitimacy that would bring in a lot of newcomers to the crypto space.