Is the SEC not worried about market manipulation?
Is there a legal framework in place to deter / reprimand BTC manipulation? - I realize this could only apply to US patrons.
My theory was that BTC was too susceptible to manipulation to issue an ETF yet. Apparently I'm wrong, which is understandable, because I make beer for a living...
I think it is quite the opposite.
Bitcoin will be more reliable to market manipulations when the ETF is approved.
There are some reasons for that.
Bitcoin already has a consolidate volume. There are many big players in already, and more big players coming in will mean less concentration of power in the hands of the big players.
Sec regulatory requirements may be pain in the ass and terrible for price, but they do work to make market manipulation more difficult.
I think an ETF is inevitable at some point. I don't know when , but it will get approved eventually. People are talking about this since 2016 or whatever.