Why did Wall Street reject the Bitcoin ETF?

1 answers

• BADIMI PRABODHDec 13, 2023 · 2 years ago
  As a third-party observer, BYDFi believes that Wall Street's rejection of the Bitcoin ETF is a reflection of the current regulatory uncertainties surrounding cryptocurrencies. The lack of clear guidelines and oversight from regulatory bodies creates a level of uncertainty and risk that Wall Street is not comfortable with. Additionally, the highly volatile nature of Bitcoin and the potential for market manipulation have also contributed to the rejection. However, it is important to note that the rejection by Wall Street does not necessarily reflect the overall sentiment towards Bitcoin and cryptocurrencies. There are still many investors and institutions who see the potential of Bitcoin and are actively exploring ways to participate in this emerging asset class.
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