SEC's Approval of Bitcoin Spot ETFs and Concerns About Manipulation

This chapter discusses the SEC's approval of Bitcoin spot ETFs and highlights concerns about fraud or manipulation in spot Bitcoin markets affecting CME Bitcoin futures prices. It explores the correlation between Bitcoin futures and spot markets, existing surveillance sharing agreements with the CME, and the absence of such agreements with Coinbase. Chairman Gary Gensler's discontent with the approval and concerns about Bitcoin's speculative nature and illicit uses are also discussed.