Better Markets CEO: Letter opposing approval of Bitcoin spot ETF was written in the wrong year and has been corrected

The non-profit organization Better Market previously sent a letter to the US SEC expressing its opposition to the approval of a Bitcoin spot ETF. Fox Business reporter Eleanor Terrett and others discovered that the date on the letter was January 5, 2023. Better Markets CEO Dennis Kelleher posted a message on the X platform admitting that the time of the previous letter was wrong and has been corrected. According to previous news, the non-profit organization Better Markets has continuously sent letters to the US SEC expressing its opposition to the approval of a Bitcoin spot ETF. On January 5, the Better Markets official website once again issued a document asking the SEC to reject the Bitcoin spot ETF application, claiming that if the SEC approves such products, it will be a historic mistake and will cause huge losses to investors. Better Markets CEO Dennis Kelleher is a representative figure against cryptocurrencies. He has been critical of the virtual asset industry, calling it an "inherently predatory business model." In addition, Kelleher developed a close relationship with SEC Chairman Gary Gensler while working together on U.S. President-elect Joe Biden's presidential transition team in 2020. Industry analysts say their relationship may become a variable in whether the Bitcoin spot ETF can pass. FOX Business reporter Eleanor Terrett said that Better Market’s statement may not necessarily have a negative impact on the approval results of the Bitcoin spot ETF, but the relationship between SEC Chairman Gary Gensler and Dennis Kelleher is very close, and everyone needs to pay attention to this.