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  "note": "We finally have SEC approval to move forward on Bitcoin-based ETFs. This statement from Commissioner Peirce criticizing the SEC's process with Bitcoin is an interesting read. She highlights many negatives that came from the SEC sitting on this for a decade.\n\n> We squandered a decade of opportunities to do our job. If we had applied the standard we use for other commodity-based ETPs, we could have approved these products years ago, but we refused to do so until a court called our bluff. And even now our approval comes only begrudgingly, as demonstrated by our continued insistence that these products satisfy a correlation test we have not demanded of prior commodity-based ETPs.\n\nGood that we finally have this approved.",
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