The SEC says they should have approved a Bitcoin ETF a long time ago...

One of the SEC Commissioners says that the SEC should have approved a bitcoin ETF a long time ago.

With each passing day the rational for not approving one becomes weaker and weaker...

(Source: https://twitter.com/CNBC/status/1411034887197499393)

That's not nice and all but why don't we just approve one now?

Last I checked there was something like half a dozen pending applications with the SEC for a bitcoin ETF.

These applications are all from the who's who of ETF products.

The most recent one comes from ARK Investments and Cathy Wood.

Why we don't have one yet is beyond me, but since we can't go back in time, it's time to approve one of these others.

It should happen before the end of this year.