February 6, 2022
This Spot price ETF should be approved without question. The people do not need the SEC to tell them whats risky and whats not we can determine that for ourselves. Furthermore plenty of stocks show similar volatility. Look at facebooks recent 20% drop. Look, this is simple. If someone wants to invest in bitcoin they should be able to do so without the governments permission. Regulation should be to make sure the etf contains the amount of bitcoin it says it does but not whether or not a person can invest. This ETF would allow millions of people to invest in bitcoin through their IRA accounts. I personally would love to have direct bitcoin investments in my IRA. Right now the closest thing you can get to actual bitcoin is a mining stock or other publicly traded company that holds bitcoin on their balance sheet like microstrategy. Let the people invest in bitcoin.