Bogart: Odds of SEC approving a Bitcoin ETF remain very low
Spencer Bogart · 802: Crypto VC: After $10m Raised in ICO for Fund 3, Now Demand High for $250m Fund 4 · Oct 4, 2017 · at 6:17
Spencer Bogart of Blockchain Capital discusses the probability of the SEC approving a Bitcoin ETF following the March 2017 Winklevoss Bitcoin Trust rejection.
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“I think it's still quite low. I mean, the SEC has made, you know, a pretty definitive decision about this, that the underlying markets for Bitcoin are too unregulated, and therefore they're not going to allow a regulated product. So it's kind of a circular argument in that it's too unregulated, so we won't regulate it.”
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