I wonder how much all this has cost the Winklevii.
Maybe there is a lesson here. Why go asking for permission when you already have an asset which doesn't require it? This ETF never made sense to me from the start. The only argument I've ever seen for it is so people can put their 401k in "Bitcoin".
Spot on. Also why did the SEC wait until the last possible hour on the thrice extended delays to announce with great fanfare (and huge insider gaming trading it appears) to disapprove? And it seems they never gave the Winklevoss a chance to withdraw their application before the deadline either it appears ... hung those poor feckers out to dry. I'd be super pissed if I was them.
SEC proves to be just another tool for the Deep State to defend the monopoly money powers and entrenched vested interests. No surprises there.
they've kinda proved why bitcoin is nessary at this point