TokenInsight news, according to Eric Balchunas, a senior ETF analyst at Bloomberg, the SEC will most likely approve the Bitcoin ETF in the name of protecting investors. Investors will increase the cost by 5%-10% every year for futures rollover.
Futures rollover and $GBTC are full of variables and will bring confusion and increase costs to investors. This is why Eric Balchunas believes that it is worthwhile to approve ETFs under the framework of the Securities Law and the Investment Company Law.
Both the "Securities Law" and the "Investment Company Law" give the SEC the power to supervise investment trusts and investment advisors, with the ultimate goal of protecting investors.
