Part 8/15:
Market Maturity: Today, Bitcoin's market has matured significantly, with increased liquidity, the presence of futures markets at CME, and larger trading volumes. Futures trading, in particular, approaches 30,000 contracts a day, indicating deeper institutional involvement and price stability.
Market Surveillance and Custody: Enhanced surveillance, regulated exchanges like CME, and robust custody solutions have addressed many previous concerns. This increased infrastructure improves the SEC's confidence, raising hopes for approval.
Jeff notes that application nuances exist but mainly revolve around how each applicant structures their product and the technical details. The consensus is that the first-approved ETF could set a precedent, paving the way for others.