January 30, 2020, 7:22AM EST
• 3 min read

A comprehensive look at Bitcoin ETFs

Quick Take

  • The SEC’s approval of an ETF launch is contingent on three main requirements: derivatives with sufficient volume, access to regulated third-party custodians and measures against manipulation
  • The remaining concern seems to be the potential price manipulation on unregulated exchanges where most of the price discovery happens
  • The current market structure is unlikely to change anytime soon, which makes the prospects of a Bitcoin ETF quite slim
  • There have been a total of 26 Bitcoin ETFs so far with 12 of them denied and the rest withdrawn by the issuers themselves

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