Great counterarguments jrcornel. I enjoyed the cash robbery analogy, it does make the ECB's point kind of moot.
I just posted an article on how a bitcoin backed ETF could help to legitimise crypto as well as making it more accessible and a safer investment. This would massively increase adoption.
We hope the SEC will not drag their feet too much longer and get some of the applications approved.
Yes I agree. Though it needs to be backed by physical crypto (as odd as that sounds), and not based on futures products that are based only on bitcoin's price. Basically, I want these funds to own the coins themselves and not just be a derivative play on the prices.