https://www.cnbc.com/2018/07/26/winklevoss-twins-bitcoin-etf-rejected-by-sec.html
wtf etf?
https://twitter.com/CNBC/status/1022586017734426624
wtf etf?
https://twitter.com/CNBC/status/1022586017734426624
No ETF because...bitcoin is traded outside the US.
Unlike gold, oil, etc.?
In fiat some get vastly different interest rates then the rest of us.
As a result, in fiat system some (with interest rates close to zero) can accumulate vast amounts of assets.
Don't expect the unfair system to play fair with the competition.