Bitcoin Spot ETF Proposals to Be Rejected by SEC: Matrixportwww.coindesk.com/policy/2024/01/03/bitcoin-spot-etf-proposals-to-be-rejected-by-sec-matrixport/?_gl=1*1ubjtlw*_up*MQ..*_ga*MTI0MTIwODk1OS4xNzA0Mjk2MTkw*_ga_VM3STRYVN8*MTcwNDI5NjE5NC4xLjAuMTcwNDI5NjE5NC4wLjAuMA..
455 sats \ 4 comments \ @lunanto 3 Jan news
Gary Gensler hatred for crypto might just affect Bitcoin spot ETF
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10 sats \ 3 replies \ @oliverweiss 3 Jan
Could you maybe explain, if you happen to know, what is Matrixport? Is the dip caused by that news?
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0 sats \ 2 replies \ @lunanto OP 3 Jan
Matrixport is a crypto investment service provider
"An ETF would certainly enable crypto overall to take off, and based on Gensler’s comments in December 2023, he still sees this industry in need of more stringent compliance," Matrixport continued. "From a political perspective, there is no reason to approve a bitcoin spot ETF that would legitimize Bitcoin as an alternative store of value."
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0 sats \ 1 reply \ @oliverweiss 3 Jan
Oh, so if the SEC approves ETFs, I guess Matrixport could well get investigated for market manipulation or similar.
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0 sats \ 0 replies \ @lunanto OP 4 Jan
I guess so but they are just speculating
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