Quote from: Samarkand on September 21, 2018, 11:55:05 AM

Quote from: forumevi on September 21, 2018, 08:54:17 AM

...
among which are commenters views on BZXs assertions that BTC is arguably less susceptible to manipulation than other commodities that underlie exchange-traded products (ETPs).
...

This statement will be very difficult to disprove. Let´s be realistic here, the Bitcoin trading market
is still heavily manipulated. Many of the high-volume exchanges are engaged in shady practices like
wash trading, trading against their own customers and similar stuff. As long as exchanges like
Bitfinex have that much influence on the BTC price it is hard to make the case that BTC is less
susceptible to manipulation compared to other commodities.

This is probably also the reason why they will reject this ETF application in the end - as most
of us already expected anyway.

Let´s be realistic here, the securities trading market
is heavily manipulated but this doesn't deter SEC from approving securities ETF.