Why are there Bitcoin futures, but no Bitcoin ETF in the US? This paper summarizes pretty well: 1) SEC & CFTC both try to prevent "market manipulation", but SEC's definition is more broad 2) Reg "burden of proof" favors futures more than ETF approval https://papers.ssrn.com/sol3/Papers.cfm?abstract_id=3284241 …pic.twitter.com/MxYiB8On0z
6:01 AM - 4 Aug 2020
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