Grayscale Wants You to Convince the SEC to Approve Its Bitcoin Spot ETF | Decrypt
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Grayscale Wants You to Convince the SEC to Approve Its Bitcoin Spot ETF | Decrypt
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Nice thing about a spot ETF is it brings even more legitimacy to the space, and gives institutions an easier means to invest in btc. So while us common folks should buy the real thing, a spot ETF would be beneficial to businesses who don’t want to go out of their way to purchase btc on an exchange, invest in hardware wallets etc, and would much rather an ETF that could be purchased through their typical investment brokerage
tldr:
>On July 6, the SEC will say whether it has approved Grayscale’s application to turn its flagship Bitcoin Trust into a spot ETF.
But will the SEC listen to some random European?
tldr; Crypto asset manager Grayscale has reportedly launched a marketing campaign asking people “to advocate for a Bitcoin spot exchange-traded fund (ETF) to the US Securities and Exchange Commission (SEC). The campaign is also running in various newspapers, including the New York Times, Wall Street Journal, and Washington Post.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Screw that. Screw them.
Individuals should buy actual Bitcoin, send it to their own (hardware) wallet, then hold long term.
Bitcoin doesn’t care. If it did, Grayscale and a thousand others would get sued for using its name.
Whenever Tether gets audited, is the day BTC spot etf gets approved and boomers can mass-invest.
Definitely a good thing to have an SEC approved ETF and Grayscale is the one to do it. Ultimately they will have to approve one or at least provide very clear guidelines for institutions and exchanges.