Just what you wanted for Christmas — our survey of the bitcoin ETF landscape!
The SEC really doesn’t want to approve a bitcoin ETF — but we think it may be forced to. So it’s gonna make them compliant, which means they’ll suck a lot more for crypto’s purposes.
Image: Gary Gensler with Zeke Faux’s Number Go Up.
Amy Castor 
Endorsing a spot Bitcoin ETF would be a mistake. The value of the fund’s potential assets has grown through speculation in an unregulated market and does not reflect any material increase in value. In the ledger there is a value created through transaction fees, but otherwise there is nothing else that can justify any price on the code itself.