There are risks associated with a bitcoin etf but that's not a reason not to have one. The market will price in the risks and if the worst of the worst happens people who invested in it lose money. That's how it works. Investing is risky some investments are more risky than others but that's not a reason to ban them. So curse the sec and this kind of thinking. It's what lead to the covid policies as well. "Herp derp there is a virus someone might get hurt let's just lock everything down."

But what are investors who seek exposure to btc going to do? Are they just going to be like ah the sec hasn't approved a etf yet so ima wait. Or will they give their money directly to the shady according to SEC coinbase exchange instead?