I just realized that EDX, this new institutional exchange, will now solve some of the reasons why the previous spot ETFs were rejected.

I remember that the SEC’s reason for denying previous ETFs was that there wasn’t a “trusted” pricing mechanism.

https://watcher.guru/news/citadel-fidelity-charles-schwab-launch-crypto-exchange-edx-markets

https://blockworks.co/news/sec-rejects-vanecks-proposed-spot-bitcoin-etf