I guess so but they are just speculating 

Oh, so if the SEC approves ETFs, I guess Matrixport could well get investigated for market manipulation or similar.

oliverweiss

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."

news

Bitcoin Spot ETF Proposals to Be Rejected by SEC: Matrixport

lunanto

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."