Investors express their views about why the SEC should authorize Grayscale’s BTC Trust’s conversion to a flash ETF. The U.S. Securities and Exchange Commission has invited public feedback on a proposed regulation modification that would transform Grayscale’s Bitcoin Trust into a spot-based exchange-traded fund (ETF).A notice of intent to file a proposed rule change to list and trade Grayscale Bitcoin Trust shares as a spot-based ETF received a long string of comments, with a huge majority expressing acceptance.Bloomberg’s senior ETF analyst Eric Balchunas evaluated some of the more recent comments on February 15 and discovered that 95 % support the proposed shift.Many respondents on the SEC proposal stated that because the regulator had already authorized futures-based exchange-traded products, a spot-based product should logically follow. Others warned that the United States risks lagging behind other countries, such as Canada, which has approved such investment products.A spot-based
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