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6min chapter
BitGo's Mike Belshe on What's Next for WBTC & Crypto Custodians
The Defiant - DeFi Podcast
FTX - Is There a Rip Off of Retail?
The SEC hasn't allowed this type of product to be issued. In the US it hasn't approved regulation for it. So many different entities have been clamoring for this since 2013 or so. I think they're just trying to deny digital assets access to the securities market. It's a mistake and as a result of that institutional investors were able to take advantage of this loop where they bought cheap, sold expensive to retail then eventually once it's over supplied you got ripped off. There are too much people in GBTC out there trying to figure out what to do with it but again I blame the SEC for not having done this at least five years ago.
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