Feb. 22, 2022
There are already futures products for crypto, but these may not always track market prices as directly as a real spot product that will always be able to follow market prices. Investors in crypto may be hedging various market risks and crypto may be a hedge in certain market conditions. Futures contracts may have premiums or discounts at certain times, while spot price will not , and even if spot temporarily does it will be easy to arbitrage to spot constantly. A spot ETF will actually protect investor value , since it will be backed 1:1 by the real asset, and not just a futures contract. By attempting to force retail traders onto only futures platforms, the SEC is doing a disservice to United States Citizens, since depending on the situation, futures may be incredibly inferior to a spot ETF trade. Thank you, Retail Investor.