So they are all ready to improve a Leveraged Bitcoin ETF, but just stubbornly keep denying a real Spot ETF. That is not called protecting investors, that is “killing“ them.

Another day and another news of the SEC looking to just straight out deny the next few Spot Bitcoin ETFs, this time they are even from the financial giants of the likes of BlackRock and Fidelity (the 2nd and 3rd biggest asset managers). While we should keep in mind that the SEC is more carefully here and just asked them to refile their proposals with a proper exchange listed on them.

The point still stand after we had those countless rejections for the Grayscale spot ETF, but they did not even get any real reasons or ways to improve. The SEC just always kept saying the same thing, which was that a Bitcoin Spot ETF will be bad for consumers and they want to “protect the investors“.

Now they once again showed the classical Us government hypocrisy by recently allowing, not a Spot ETF, but a Leverage Bitcoin ETF. Which is substantially more risky than a Spot ETF.

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Recent news of a Leverage Bitcoin ETF being approved by the SEC

Here we can see the news of that Leverage Bitcoin ETF launching, which does everything else than protect investors. They only seem to be wanting to kill off the investors and the whole Crypto landscape, that seems to have been the whole goal of the SEC since the very beginning.