The hypocrisy of the @GaryGensler and the SEC is really gross. They approve some complicated Bitcoin ETF product based on financial derivatives as opposed to much simpler products that could directly hold Bitcoin and would result in 5-10% higher returns for investors.
9:49 PM · Oct 15, 2021
Even though dozens such products exist around the world and have lots of usage. And even with the success of Grayscale's Bitcoin product. And the argument that there isn't enough liquidity in spot market is absurd. There is surely far more liquidity on crypto exchanges than CME