They've repeatedly set out the problems with the bitcoin market that make it unsuitable for an ETF, responding to ETF applications over the past two years. Eve

They've repeatedly set out the problems with the bitcoin market that make it unsuitable for an ETF, responding to ETF applications over the past two years. Every new ETF application has just blithely ignored the previous reasons for refusal, and Grayscale ignored them too. At this point, the blockchain industry is just playing dumb and pretending not to understand.