February 14, 2022
The SEC has set an unfair precedent by allowing for a bitcoin futures ETF to trade on the market, but not a spot ETF. Filings for a spot bitcoin ETF have been piling up for many years and have never been given a fair chance. A spot ETF allows for average individual investors to be able to acquire cryptocurrency with methods that are already familiar to them. A spot bitcoin ETF is not more inherently risky than any other form of stock picking or gambling. The demand is there for a spot ETF and the people have been asking for one for a long time, a futures ETF was a great start but the SEC needs to finish the job and allow for a bitcoin spot ETF to trade on the market.
- Ben