US Regulators Have Double Standards When It Comes to Bitcoin
Bitcoin (BTC) exchange-traded funds, or ETFs, have faced unfair pushback from U.S. regulators, according to VanEck director and digital asset specialist Gabor Gurbacs. In its simplest form, a Bitcoin ETF is a financial product traded officially on mainstream stock markets, with shares representing exposure to Bitcoin's price.
For Bitcoin ETF approval, regulators say they need proof that Bitcoin exhibits true price action, or "real price discovery," versus market manipulation. Noting Bitcoin holds efficient price discovery, even better than certain commodities on the market, Gurbacs said he revealed proof of such data to regulators.