Jun. 17, 2021
Dear Sirs, - Unlike other approved commodity ETF's Bitcoin has an non manipulable monetary supply, so this is a non-issue. - markets for Bitcoins are, largely, regulated, with most of the legitimate volume and price discovery occurring at exchanges with strong KYC laws. - if an ETF is approved, the liquidity and price-discovery caused by the ETF itself will result in greater market transparency and investor protection. - By continuing to force smaller investors into riskier transactions, the SEC is failing in its mandate to protect investors. - ETFs should be audited, with insured custody, and supported by sound businesses.