Bitcoin ETF Hype: Promise of Mainstream Access Tempered by SEC Concerns and Unmet Expectations

There is hype around bitcoin ETFs because they would provide an easier way for mainstream investors to get exposure to bitcoin.

The SEC has rejected spot bitcoin ETF applications so far over concerns about manipulation, but recently failed to reject Grayscale's application.

Many believe bitcoin ETF approval could unlock billions in investment from sidelined capital.

However, the hype may be overblown - bitcoin has often not lived up to expectations.

Interest in bitcoin ETFs stems from a constant need for hope and desire for what's not yet obtained in crypto markets.