A Spot Bitcoin ( $77,487.00 ) ETF Will Protect U.S. Investors, Consumers

“Futures derive their pricing from the underlying spot markets, given that they are derivatives of spot bitcoin,” Salm said on CoinDesk TV’s “First Mover” on Wednesday. “If we’re going to have bitcoin futures trading being approved by the SEC, how can we not also have spot bitcoin ETFs be approved as well?”