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> SEC: derivatives of a trillion dollar asset are risky It's actually sillier than this. They think that derivatives of bitcoin are fine (futures ETF approved)
by modeless 5y ago
> SEC: derivatives of a trillion dollar asset are risky
It's actually sillier than this. They think that derivatives of bitcoin are fine (futures ETF approved) while simultaneously saying bitcoin itself is too dangerous (spot ETF denied).
- perl4ever 5y agoThe comment that managing actual bitcoin is too risky makes sense to me, even if it's unclear that's the SEC's rationale. People say, oh oh oh, GBTC and other substitutes don't track bitcoin. Well, yeah, maybe that's nature's way of telling you that keeping actual bitcoin safe is expensive. Pay your money and take your chances.