Why are they taking SO long to take a god damn decision? Why can't these old fucks hurry up and tell us what's up? It's friday night, I don't feel like siting on my computer for the rest of the day, just give us a god damn verdict you pricks, and you better approve or else you'll look like retards eventually by not accepting this post-bitcoin reality. You can't stop it.
Well eventually bitcoin ETF was dumped by the United States of Americas Security and Exchange Commission or SEC. I dont get the clear reason why they disapprove the bitcoin ETF. In my opinion it is possibly because of bitcoins volatility and the SEC is worrying that this kind of bitcoin nature will cause many investors to big a loss amount when the sudden volatility occurs.
It's because the SEC's mandate is to protect investors, and there's no way they can do that with bitcoin.
They cite the fact that the exchanges that bitcoin currently trades on are unregulated and subject to manipulation, and that there's no way to discern the forces behind bitcoin price movements due to it's anonymous nature, as major reasons a bitcoin ETF would be not suitable for them to approve at this time. Keep in mind, there are still two other bitcoin ETF proposals that have been submitted to them and are still pending, but you should anticipate the same result. I don't find it terribly important, this alone is not a large stumbling block in bitcoin's future compared to the ones it creates itself
They are hypocrites as they have always been
Realistically, though, they should have taken a decision they have taken. In this case, it should pretty evident to anyone with a (half) functioning brain that the primary reason that the twins filed an application for approving the Bitcoin mutual fund was their intent to move from basically a bag holder position into a bag giver position. I think if they wanted they could just manage someone else's money but then they would be personally responsible before that investor, and this is likely not what they may be looking for. Nevertheless, they have 100M dollar worth of bitcoins, so what prevents them right now from doing basically the same what the Bitcoin ETF is supposed to be doing anyway (i.e. earning cash via Bitcoin operations, for example, trading)?
when the right people get a chance to position into bitcoin like they want to (and when regulations address how corporate entitities can hold/speculate with cryptos), you will see a slew of regulation, and institutional investor interest. 
