"If Peirce can work with the incoming SEC Chair, Paul Atkins, to facilitate the approval of in-kind redemptions then the spot bitcoin ETFs can serve as some of the biggest on-ramps to Bitcoin, as Bitwise co-founder Hong Kim put it, as opposed to simply existing as speculation vehicles."
"This makes my heart happy, as bitcoin wasn't designed to exist trapped within the wrappers of the old system. It was built to set us free from that system."
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