On Wednesday, asset manager Van Eck and startup SolidX filed an updated application with the SEC to launch a bitcoin ETF. Now this isn't the only potential bitcoin ETF out there, what's the status of these products in general?
Now the two companies said they haven't talked with the SEC but feel this latest offering addresses some of its main concerns, Jared do you think the SECs view on bitcoin and crypto-related products has maybe softened in the last year?
The SEC has previously noted it would take "appropriate action to protect Main Street investors." Now this product is also backed by actual bitcoin with SolidX saying there will be 25 bitcoin per ETF share, and at current prices that would make each shares worth around $200,000, do you think this price tag will keep retail investors away? And maybe keep the SEC happy?