submitted by /u/GabeNewell_
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Source and link to Reddit topic: IN CASE YOU DIDN’T READ IT: The SEC disapproved the ETF because "unidentifiable participants can influence the market". If someone manipulates the broad Bitcoin market, the SEC requires that they be identifiable. THERE WILL NEVER BE AN SEC-APPROVED BITCOIN ETF. Get it out of your minds and move on.

Author: Reddit.com