that the SEC will probably remain firm against Bitcoin spot market ETFs, despite notable filings from Wall Street giants. The non-profit organization Better Markets, aligning with the SEC, reinforces its stance against spot ETFs due to concerns about market manipulation and concentration in Bitcoin markets.
They also stated that such vulnerabilities make a spot bitcoin-based ETF susceptible to manipulation. This in turn puts investors and the public interest at risk. They also believe that relying on surveillance from other markets is insufficient. Stark, on social media platform X, predicted potential shifts in SEC crypto regulation after the 2024 presidential election. He anticipates that if a Republican candidate wins, a GOP-led administration could adopt a more favorable approach to crypto, possibly facilitating spot ETF approvals.
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