The delay if a spot ETF in the USA appears to be intentional, but why ?

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Wondering that myself. Could be to slow adoption by not making it popular or trying to keep institutional money flowing into it. We just saw this and if people start to see it more it might cause a large amount of funds to go into bitcoin itself. https://u.today/bitcoin-outperforms-nasdaq-sp-500-dow-jones-and-gold-combined