February 16, 2022
I believe the SEC should allow a spot BTC ETF as BTC is an established asset that has reputable price trackers (see those used for the Futures ETF) and is not prone to manipulation as it is a $1T asset that should have an investment vehicle that allows for owning the spot underlying asset. The SECs previously given reasons for not allowing a spot BTC ETF do not seem aligned with the SECs purpose of protecting investors and I do not see any added risk to investors by allowing an approved spot ETF product. The spot ETF would allow institutions better access to BTC exposure when compared to the futures based ETF, especially considering they already have risk management tools like the futures backed ETF. Thank you for allowing my comment and hearing what the people you protect have to say.