IndexIQ Institutional Business Director: The market will not abandon the Bitcoin ETF, but will adjust the plan based on SEC feedback

According to AMBCrypto, Chris Hempstead, Director of Business Development for IndexIQ Institutions, said in a recent interview that, despite the recent rejection of the Wilshire Pheonix ETF, this is not the last time the market has heard about a Bitcoin ETF proposal. He also pointed out that potential organizations planning to launch a Bitcoin ETF will continue to evaluate the SEC's feedback and comments to foster better proposals. He said that at some point, when market demand and investor demand reach a certain region, they may find a different path and have different considerations. At the same time, he believes that the SEC's overall view of the Bitcoin ETF may not change in the near future.