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RE: The SEC is requesting withdrawal of Bitcoin derivatives ETFs
I tend to agree, but I also see the value in having ETFs simply for the awareness factor. If you buy an instrument you're likely to research it further. My hope would be that a decent portion of BTC ETF buyers would perform more due diligence and realize there's a whole other world out there in crypto.
I guess there is marketing value in a crypto ETF, but there's also the issue of naked short selling, no?