Of those participating in the Block 2020 Outlook survey, the vast majority believe that U.S. regulators will not approve the Bitcoin Exchange Traded Fund (ETF) this year. Of the 106 respondents from venture capital investment, financial services, and digital asset ecosystems, 82 (77.4%) were asked "Can the Bitcoin ETF pass the US in 2020?" ". 24 (22.6%) answered "yes". As the media's recent research and reports have stated, obstacles to SEC approval of ETFs include concerns about spot market manipulations that provide price data to any approved ETF.