Will SEC never approve Bitcoin ETF?

[bdsharminsoltana]

Just read an article in reddit.com. It says that the SEC has not approved ETF as it thinks that unidentifiable people could influence the market. If such manipulation occurs, SEC wishes them to be identified.
So will there never be an SEC approved bitcoin ETF?
https://www.reddit.com/r/Bitcoin/comments/99n8g3/in_case_you_didnt_read_it_the_sec_disapproved_the/

[yousufatik20]

SEC approved will have a good effect on the bull run market for crypto currency, but yeah untill now SEC still rejects proposals for ETFs. There are still many opportunities to be well received by the SEC and of course it takes time to make it happen. We just wait, hopefully there are good things that will make the SEC accept proposals for ETF.

[trauchot]

It is difficult to say, of course, they can postpone this decision for many years and no one can do anything about it, and maybe at some point they will change their mind and will accept the law.

[kamal420]

Perhaps they wouldn't, because all of the postponements for sure, regardless of all the considerations, would be inevitably rejected due to bitcoin's 'susceptibility to price manipulation' which I think makes sense on the side of SEC's standards. No matter how good ETF proposals are, price manipulation for bitcoin is always present, no matter how hard the regulations are trying to minimize or eliminate it. Perhaps these people could just divert their energy and attention towards other aspects and areas, just not ETFs which we know will never, ever be approved no matter how hard they try.

[mamun777]

ETFs are just good for speculators, and Bitcoin has enought speculators already. I would preffer if the lighting network software gets much better routing first, then widespread lighting network adoption - this would make Bitcoin super usefull instead. After this I would not mind ETF with physically backed Bitcoins.