The SEC is using global manipulation of the Bitcoin price as an excuse,
not to approve these ETF applications. They
want to be able to determine who these people or groups are that are manipulating the price and that is simply impossible,
because Bitcoin users are pseudo anonymous and not all trading is done on platforms where people are identified. So, we will
have to accept that a Bitcoin ETF will never be approved on that condition.

{They could just use the local exchange
price as a data source, but that is still influenced by the global price}
