Market manipulation claims will be hardest 'nut to crack' in Bitcoin ETF approval — WisdomTree
Cointelegraph
Published Sep 29, 2022 06:00PM ET
Updated Sep 29, 2022 07:40PM ET
Will Peck, the head of digital assets at exchange-traded fund provider WisdomTree said regulators in the United States will “ultimately get there” on approving a Bitcoin spot investment vehicle, but dealing with claims of market manipulation could be a challenge.
Speaking to Cointelegraph at the Converge22 conference in San Francisco on Sept. 29, Peck said WisdomTree would not follow Grayscale by taking legal action against the U.S. Securities and Exchange Commission for denying its Bitcoin (BTC) ETF application. According to Peck, the company planned to “engage more productively” with the SEC without a lawsuit, but tackling some of the regulator’s reasons for turning down spot Bitcoin ETF applications could take time.
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Written By: Cointelegraph
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