May. 10, 2022
It's time to approve a spot Bitcoin ETF. - Bitcoin has proven itself over the past 10 years and will be a part of the global financial ecosystem going forward. - Investors are being hurt by a spot bitcoin ETF not being approved. Grayscale Bitcoin Trust is trading at a discount to its NAV. This is an unnecessary cost to investors of billions of dollars of lost value. The SEC is failing its mission to protect investors. - Canada and Australia have both approved spot Bitcoin ETFs. They track accurately to the price of Bitcoin and have not had any problems. If the US wishes to remain a leader in the financial sector we cannot stop innovation.