Here’s Why the SEC is Denying Grayscale a Bitcoin ETF
By Chris Black
Grayscale was trying for years to acquire ETF status.
Here’s a little bit of context:
Grayscale has been attempting to acquire ETF status for a while, and most recently after being denied, filed a lawsuit against the U.S. Securities and Exchange Commission (SEC).
Here’s the deal: Gary Gensler, the head of the SEC and one of the main figures behind the 2008 financial meltdown, helped perpetrate the FTX scam, yet for some reason he has been cockblocking any attempts at establishing a Bitcoin ETF.
However, he has been happy to greenlight Bitcoin Futures ETFs, for the obvious reason that futures markets are very useful for manipulating (i.e., suppressing) the price of the underlying assets–the gold and silver futures markets being the most obvious examples.
Gensler is behaving this way precisely because he understands that Bitcoin, gold, and silver all belong to the same asset class–i.e., they are all scarce assets with real value.
These are the kinds of assets that expose the usury and lies of the banking system, and how they have devalued the world’s fiat currencies.
My guess is, the banking overlords are trying to get ahold of as much Bitcoin as possible in order to use it as their digital reserve asset once the global fiat dollar reserve currency scheme finally goes tits-up.
There’s really no other explanation.