07-20-2020, 11:59 AM
SEC position on ETF hurts ordinary investors
<!-- SC_OFF --><div class="md"><p>This article explains how accredited (i.e., "rich"
investors siphon profit from the backs of ordinary "retail" investors.</p> <p><a href="https://www.coindesk.com/logic-three-arrows-200-million-grayscale-bet">https://www.coindesk.com/logic-three-arrows-200-million-grayscale-bet</a></p> <p>This is only made possible because the SEC refuses to allow an ETF, which would take away the arbitrage opportunity that is available only to rich people. The SEC loudly proclaims that their purpose is to protect investors, while their actions have the opposite effect. Don't get me wrong, I do <strong>not</strong> think Bitcoin or the crypto space need an ETF. But ordinary investors do--the kind that are not comfortable dealing in the spot markets. The SEC is purposely hurting them. The light needs to be shone brightly on their actions so that the SEC can change their behavior.</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>This article explains how accredited (i.e., "rich"
investors siphon profit from the backs of ordinary "retail" investors.</p> <p><a href="https://www.coindesk.com/logic-three-arrows-200-million-grayscale-bet">https://www.coindesk.com/logic-three-arrows-200-million-grayscale-bet</a></p> <p>This is only made possible because the SEC refuses to allow an ETF, which would take away the arbitrage opportunity that is available only to rich people. The SEC loudly proclaims that their purpose is to protect investors, while their actions have the opposite effect. Don't get me wrong, I do <strong>not</strong> think Bitcoin or the crypto space need an ETF. But ordinary investors do--the kind that are not comfortable dealing in the spot markets. The SEC is purposely hurting them. The light needs to be shone brightly on their actions so that the SEC can change their behavior.</p> </div><!-- SC_ON --> Kind Regards R