BitGo CEO Anticipates Bitcoin ETF Rejections And Challenges

BitGo CEO Anticipates Bitcoin ETF Rejections And Challenges


Published Friday 17th November 2023

BitGo CEO, Mike Belshe, has expressed his anticipation of the rejection and challenges that Bitcoin exchange-traded funds (ETFs) may face. Belshe believes that despite the growing interest in cryptocurrencies, the US Securities and Exchange Commission (SEC) is likely to reject numerous Bitcoin ETF applications due to various reasons. He states that the SEC is concerned about market manipulation, lack of sufficient regulations, and the potential for fraud in the cryptocurrency market. Additionally, Belshe points out that the SEC may reject Bitcoin ETFs based on the fact that Bitcoin is primarily traded on unregulated exchanges, making it difficult for the SEC to fully oversee the market.

The sentiment of the news articles covering BitGo CEO Mike Belshe's statements can be categorized as negative. The anticipation of Bitcoin ETF rejections and challenges highlights the underlying concerns and uncertainties surrounding the cryptocurrency market. The SEC's worries about market manipulation, fraud, and lack of regulation demonstrate the cautious approach regulators are taking towards cryptocurrencies. The article suggests that the SEC's potential rejections of Bitcoin ETFs could be attributed to the unregulated nature of the cryptocurrency market and the difficulties it poses for effective oversight.

Crypto News & Headlines

Standard Chartered, Animoca Brands Join Hong Kong's Stablecoin Sandbox


The Hong Kong Monetary Authority (HKMA) has announced participants, including Standard Chartered and Animoca Brands, for its stablecoin issuer sandbox

Trending on 18th July 2024 01:23 PM

BlockFi To Begin Temporary Crypto Distributions On Coinbase In July


Bankrupt crypto lender BlockFi will begin its first temporary distribution of crypto assets through Coinbase in July, but non-U.S. clients are current

Trending on 18th July 2024 12:54 PM

Mt. Gox Creditors Face Multiple Brute-Force Login Attempts


Mt. Gox creditors are reporting numerous unauthorized login attempts on their accounts, with the claims website currently down for maintenance.

Trending on 18th July 2024 11:03 AM

Polygon (MATIC) Set For Major Upgrade And Migration To POL Token On September 4


Polygon (MATIC) is undergoing significant upgrades, including a token transition to POL by September 2024, as part of its 2.0 roadmap to enhance its Z

Trending on 18th July 2024 10:45 AM

Indian Crypto Exchange WazirX Hit By $230M Hack


WazirX, a major Indian crypto exchange, suffered a security breach where over $230 million in crypto assets were unauthorizedly transferred from its m

Trending on 18th July 2024 09:43 AM