What were the reasons behind the rejection of the bitcoin ETF in May 2017?

16 answers

• Thybo PurcellMay 15, 2024 · 2 years ago
  The rejection of the bitcoin ETF in May 2017 was primarily due to concerns over the lack of regulation and the potential for market manipulation. The Securities and Exchange Commission (SEC) expressed concerns about the underlying bitcoin market being unregulated and the risk of fraud. Additionally, the SEC highlighted the lack of surveillance and oversight in the bitcoin market, which could make it vulnerable to manipulation. This decision had a significant impact on the cryptocurrency market, causing a temporary decline in bitcoin prices and dampening investor confidence.
  580

  290
• Abdiel GuzmanFeb 23, 2021 · 5 years ago
  The rejection of the bitcoin ETF in May 2017 was a blow to the hopes of many cryptocurrency enthusiasts. The SEC's decision was based on concerns about the nascent and unregulated nature of the bitcoin market. The lack of transparency and oversight in the market raised concerns about investor protection and the potential for market manipulation. This decision highlighted the need for stronger regulation and oversight in the cryptocurrency space.
  449

  150
• Syahid M UFeb 14, 2023 · 3 years ago
  The rejection of the bitcoin ETF in May 2017 was a missed opportunity for the cryptocurrency industry. The SEC's decision reflected their cautious approach towards new and emerging markets. However, it's important to note that the rejection of the ETF was not a reflection of the potential of bitcoin or blockchain technology. It was primarily driven by concerns over investor protection and the need for stronger regulation. This decision prompted the industry to work towards addressing these concerns and improving the regulatory framework for cryptocurrencies.
  564

  141
• NagJun 01, 2021 · 5 years ago
  The rejection of the bitcoin ETF in May 2017 was a setback for the cryptocurrency market. The SEC's decision was based on concerns about the lack of regulation and oversight in the bitcoin market. The decision highlighted the need for clearer guidelines and regulations to protect investors and prevent market manipulation. While the rejection was disappointing, it also served as a wake-up call for the industry to address these concerns and work towards a more regulated and secure cryptocurrency market.
  506

  102
• Evam KaushikAug 31, 2020 · 5 years ago
  The rejection of the bitcoin ETF in May 2017 was a decision made by the SEC to protect investors from potential risks and market manipulation. The SEC expressed concerns about the lack of regulation and oversight in the bitcoin market, which could make it vulnerable to fraud and manipulation. This decision emphasized the need for stronger regulation and investor protection in the cryptocurrency industry. It also highlighted the challenges of integrating a decentralized and unregulated asset like bitcoin into the traditional financial system.
  547

  92
• Marc LOct 29, 2020 · 5 years ago
  The rejection of the bitcoin ETF in May 2017 was a result of the SEC's concerns about the volatility and lack of regulation in the cryptocurrency market. The SEC believed that the bitcoin market was not mature enough to support an ETF and that it needed more robust regulation and oversight. This decision had a short-term negative impact on the cryptocurrency market, but it also prompted the industry to work towards addressing these concerns and improving the overall regulatory environment.
  494

  71
• Abhi RamNov 29, 2022 · 3 years ago
  The rejection of the bitcoin ETF in May 2017 was a decision made by the SEC to protect investors from potential risks associated with the cryptocurrency market. The SEC expressed concerns about the lack of transparency, regulation, and oversight in the bitcoin market. This decision highlighted the need for clearer guidelines and regulations to ensure investor protection and prevent market manipulation. While it was a setback for the industry, it also served as a catalyst for discussions on how to improve the regulatory framework for cryptocurrencies.
  556

  70
• Sunny KunduNov 19, 2025 · 3 months ago
  The rejection of the bitcoin ETF in May 2017 was a decision made by the SEC based on concerns about the lack of regulation and oversight in the cryptocurrency market. The SEC believed that the bitcoin market was susceptible to fraud and manipulation, which posed risks to investors. This decision underscored the need for stronger regulation and investor protection in the cryptocurrency industry. It also highlighted the challenges of integrating a decentralized and relatively unregulated asset like bitcoin into the traditional financial system.
  548

  61
• HailingSep 30, 2023 · 2 years ago
  The rejection of the bitcoin ETF in May 2017 was a decision made by the SEC to protect investors from potential risks associated with the cryptocurrency market. The SEC expressed concerns about the lack of regulation, transparency, and oversight in the bitcoin market. This decision emphasized the need for clearer guidelines and regulations to ensure investor protection and prevent market manipulation. While it was a setback for the industry, it also served as a wake-up call for the cryptocurrency community to address these concerns and work towards a more regulated and secure market.
  590

  59
• SribasApr 21, 2022 · 4 years ago
  The rejection of the bitcoin ETF in May 2017 was a decision made by the SEC to safeguard investors from potential risks in the cryptocurrency market. The SEC cited concerns about the lack of regulation, transparency, and oversight in the bitcoin market as the primary reasons for the rejection. This decision highlighted the need for stronger regulatory measures to protect investors and prevent market manipulation. While it was a setback for the industry, it also sparked discussions on how to improve the regulatory framework for cryptocurrencies.
  550

  50
• Blair CampbellDec 15, 2025 · 2 months ago
  The rejection of the bitcoin ETF in May 2017 was a decision made by the SEC to protect investors from the potential risks associated with the cryptocurrency market. The SEC expressed concerns about the lack of regulation and oversight in the bitcoin market, which could make it susceptible to fraud and manipulation. This decision highlighted the need for stronger regulation and investor protection in the cryptocurrency industry. It also emphasized the importance of addressing these concerns to ensure the long-term viability of cryptocurrencies.
  549

  46
• ecocedMay 18, 2021 · 5 years ago
  The rejection of the bitcoin ETF in May 2017 was a decision made by the SEC to ensure investor protection in the cryptocurrency market. The SEC expressed concerns about the lack of regulation and oversight in the bitcoin market, which could expose investors to fraud and manipulation. This decision underscored the need for stronger regulation and surveillance in the cryptocurrency industry. While it was a setback for the industry, it also prompted discussions on how to improve the regulatory framework for cryptocurrencies.
  527

  41
• Edwards WatersMar 16, 2025 · a year ago
  The rejection of the bitcoin ETF in May 2017 was a decision made by the SEC to protect investors from potential risks and market manipulation. The SEC expressed concerns about the lack of regulation and oversight in the bitcoin market, which could make it vulnerable to fraud and manipulation. This decision highlighted the need for stronger regulation and investor protection in the cryptocurrency industry. It also emphasized the challenges of integrating a decentralized and relatively unregulated asset like bitcoin into the traditional financial system.
  558

  40
• Herskind BishopDec 23, 2020 · 5 years ago
  The rejection of the bitcoin ETF in May 2017 was a decision made by the SEC to safeguard investors from potential risks in the cryptocurrency market. The SEC expressed concerns about the lack of regulation, transparency, and oversight in the bitcoin market. This decision emphasized the need for clearer guidelines and regulations to ensure investor protection and prevent market manipulation. While it was a setback for the industry, it also served as a catalyst for discussions on how to improve the regulatory framework for cryptocurrencies.
  544

  37
• PopeyeNov 07, 2024 · a year ago
  The rejection of the bitcoin ETF in May 2017 was a decision made by the SEC to protect investors from potential risks associated with the cryptocurrency market. The SEC expressed concerns about the lack of regulation, transparency, and oversight in the bitcoin market. This decision highlighted the need for clearer guidelines and regulations to ensure investor protection and prevent market manipulation. While it was a setback for the industry, it also served as a wake-up call for the cryptocurrency community to address these concerns and work towards a more regulated and secure market.
  591

  37
• SribasJul 27, 2024 · 2 years ago
  The rejection of the bitcoin ETF in May 2017 was a decision made by the SEC to safeguard investors from potential risks in the cryptocurrency market. The SEC cited concerns about the lack of regulation, transparency, and oversight in the bitcoin market as the primary reasons for the rejection. This decision highlighted the need for stronger regulatory measures to protect investors and prevent market manipulation. While it was a setback for the industry, it also sparked discussions on how to improve the regulatory framework for cryptocurrencies.
  550

  33