Odaily Planet Daily News: Charles Edwards, founder of Capriole Investment, tweeted, "The purpose of the U.S. Securities and Exchange Commission (SEC) is to protect investors. So far, I have only seen the SEC hurt investors. The Grayscale Bitcoin ETF was rejected again today, hurting a lot of people. The reason for the rejection was "risk of fraud and manipulation." But they allow futures products based on the same spot pricing. Twitter user failcoin commented, "Its continued rejection of the Grayscale ETF has created cyclical arbitrage transactions by "mature investors" who take advantage of the GBTC premium. This is the root cause of all competing cryptocurrency income games such as Celsius and BlockFi. They have destroyed cryptocurrencies in this cycle. The SEC is ultimately the culprit. "