Canada has approved 3 Bitcoin ETF’s, while USA has approved none! The regulators and lawmakers in USA need to wake the fuck up.
The Canadian regulators has approved 3 Bitcoin ETF's which are live and trading on Canadian stock exchanges – Purpose Investments's BTCC ETF, Evolve bitcoin exchange-traded fund EBIT and the CI Galaxy Bitcoin ETF BTCX.
The first one to launch, BTCC Bitcoin ETF traded $200m shares on Day One, the highest volume for any Canadian ETF and would likely rank in Top 5 all-time among US ETFs too. Demand since the launch has also been high and the ETF's have been well received.
Meanwhile USA regulators have kept dilly dallying for far too long, with lame excuses about liquidity and "to protect investors and the public interest". While most of the SEC members rejected the ETF, Hester Pierce (known as crypto mom) published a dissent: https://www.sec.gov/news/public-statement/peirce-dissenting-statement-34-88284
Now a bunch of Bitcoin ETF's are again in front of the SEC. It is now high time the SEC approves it.