February 14, 2022
It is against what this country has stood for to prevent the freedoms of man. There are extreme ETFs (Im looking at you, SQQQ), amongst many other pure speculative products that are currently being offered.
It begs the question, who is REALLY being protected here? Investors can access direct bitcoin exposure but what about theft, custody, exchanges, etc? What about the consumer who was scammed from a fake bitcoin exchange. Or a bankrupt exchange. Or lost keys.
Allowing GBTC to convert gives investors the first safe opportunity to buy the underlining without having to jump through many (arguably) riskier steps to acquire what they already want in the first place. Time to wake up and smell the roses. Enough being left behind and time to lead by example.