Was the regulator wrong to reject a spot bitcoin exchange-traded fund?
Is it fair to say that the decision by the regulator to reject a spot bitcoin exchange-traded fund was misguided? Considering the growing popularity and acceptance of cryptocurrencies, particularly Bitcoin, doesn't it seem like an opportunity missed to provide investors with a more traditional and regulated avenue to invest in this emerging asset class? Could this decision potentially stifle innovation and hinder the growth of the cryptocurrency market as a whole? Or, were there valid concerns about the risks and potential volatility associated with such a product that justified the rejection?