--- title: Institutional Traders Want SEC to Approve Spot Bitcoin ETF description: Addressing payment for order flow is most important retail trading initiative. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-874724756-May-12-2022-09-18-24-98-AM.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/institutional-traders-want-sec-to-approve-spot-bitcoin-etf#popup-newsletter) #### Want the latest news on securities markets -- FREE? 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Approximately 40% of the equity traders participating in a recent Coalition Greenwich study see regulatory proposals to address Payment for Order Flow (PFOF) as the most important initiatives relating to retail trading. “Depending on which camp you’re in, you might see PFOF as either a well-regulated part of the trading landscape or a part of an insidious system rigged against all but the biggest players,” says Shane Swanson, Senior Analyst at Coalition Greenwich Market Structure & Technology and author of *[The Buy Side’s Take on Equity Market Structure: 2022](https://www.greenwich.com/equities/buy-side%E2%80%99s-take-equity-market-structure-2022).* Traders are also watching the progress of proposals related to best execution and gamification. An SEC request for comments on gamification—officially termed Digital Engagement Practices—drew more than 2,300 comments. “There are valid concerns that gamification might incite overtrading or trading in inappropriate assets,” says Shane Swanson. “But rule-makers need to balance rules that limit that risk against the possibility of regulatory overreach.” **The Bitcoin ETF Debate** Chairman Gensler has not been shy in his public pronouncements about most cryptocurrencies and many decentralized finance (DeFi) activities falling under the SEC’s mandate. To date, however, the only crypto ETFs to gain approval are based on Bitcoin futures. Fully 80% of institutional traders are in favor of the SEC approving a spot Bitcoin ETF. “With the recent increased volatility in cryptocurrencies overall, what may have seemed like an inevitability a year ago now seems like it may be a long shot in 2022,” says Shane Swanson. *[The Buy Side’s Take on Equity Market Structure: 2022](https://www.greenwich.com/equities/buy-side%E2%80%99s-take-equity-market-structure-2022)*analyzes U.S. institutional equity traders’ perspective on a range of additional market structure and regulatory issues, including short-sale disclosures, the Consolidated Audit Trail (CAT), minimum market share requirements and other rules affecting new exchanges, TRF volumes and the movement to T+1 settlement. Source: Coalition Greenwich [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/institutional-traders-want-sec-to-approve-spot-bitcoin-etf) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/institutional-traders-want-sec-to-approve-spot-bitcoin-etf) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/institutional-traders-want-sec-to-approve-spot-bitcoin-etf) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. 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