If they don't know how to monitor it properly due to Bitcoin's unregulated nature, it basically means that none of the following ETF's will be approved. It's funny how they talk about monitoring as there are plenty of ETF's that have gone down and resulted in investors to lose millions. Where was the SEC in these cases? If they really were monitoring the markets as they claim, it would have been avoided. It's pure nonsense. They just don't want to see Bitcoin become even bigger.
That is correct. Although there are 2 other ETFs waiting approval, we can safely say that they will be rejected. It will take some more time before the regulators come around to realizing that Bitcoin is a unique asset class and all market participants must have access to it.
