Well the SEC hasn't ruled on any of them. And we will end up seeing multiple ones. Like with most commodities, there are a number of ETFs.
That said, being first probably has its advantages.
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The first has a huge advantage since I think they will wait a few days or weeks before the next one is approved. This is why I think it will be one of the large investment banks.
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It actually might be months before you see number 2 once the first is approved. The SEC doesnt move quickly on stuff (unless they are going after someone).
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