What is the real underlying reason Gary Gensler is delaying the spot ETF? And when is it likely to be approved?
It is obviously not volatility or consumer protection. So what is it?
The elite have to scoop up enough coins to fill their pockets before they can start selling them back to us in the form of managed funds where they can funnel income from the system for decades to come. If they approve an ETF too soon, the floodgates will open and they'll be done filling their pockets with cheap coins to manage on the behalf of their investors and only be able to charge service fees for the coins they managed to get their hands on. In short, the guys in control aren't ready to exploit the system for maximum gain yet, so we must all remain patient and try to hold onto as many of your coins as you can.