Under no circumstances should this ETF be approved. The Bitcoin "market" is manipulated, and has a history rife with scams and criminal activity. The underlying programming is subject to manipulation, despite claims that it is decentralized. The whole concept of Bitcoin's "value" hinges entirely on "greater fool" theory. I'd say that approving a Bitcoin ETF would be the same thing as approving a Beanie Baby ETF, but at least Beanie Babies aren't used to evade sanctions and fund global terror (as far as I know).