SEC Commissioner Caroline A. Crenshaw's dissenting statement is also worth a read https://www.sec.gov/news/statement/crenshaw-statement-spot-bitcoin-011023 htt

SEC Commissioner Caroline A. Crenshaw's dissenting statement is also worth a read https://www.sec.gov/news/statement/crenshaw-statement-spot-bitcoin-011023 https://www.sec.gov/news/statement/crenshaw-statement-spot-b... particularly the section "The Global Spot Markets Underlying the Bitcoin ETPs are Marred by Fraud and Manipulation, Concentrated, and Without Adequate Oversight