March 12, 2022
- we are falling behind in the ETF space for bitcoin.
-I have clients who want to invest and get exposure and currently they cant get andy direct exposure to the asset. While others in canada can.
-Investors who are looking to invest in GBTC has to pay 2% fee when compared to the .75% if converted to etf. Why does the sec want consumers to pay more?
-Allowing GTBC to the masses by approving the ETF will help to lessen volatility of the asset as I believe many are speculative on the futures and if we can trade the actual asset via trusted source it would allow the asset price to smooth out and be less volatile