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Here are some of the reasons why we think the Bitcoin ETF keeps on getting pushed back.
Gold Trust
If we take a trip back to 2004, this is when the SPDR Gold Trust was approved. When it was given the approval, the New York Stock Exchange was unable to establish information-sharing agreements linked to spot trading. It didn’t seem possible that agreements would be secured since most gold spot exchanges aren’t very formal and occur through the over-the-counter gold market in London.
Crypto Corporations
It seems like the SEC believes that data and information sharing agreements with significant exchanges are vital to compliance with the Securities Exchange Act, the body of legislation which governs the SEC. There is one part of the section of the Act which requires the SEC to make sure that the securities exchanges it regulations which includes BATS BZX Exchange and is designed to prevent fraud and manipulative acts to protect traders in the best interest of the public.