John Reed Stark, a former enforcement officer with the United States Securities and Exchange Commission (SEC) has labeled spot Bitcoin ETF applicants as “opportunistic cartels” that are trying to capitalize on a product that has no inherent value. John Reed Stark’s View of Spot Bitcoin ETF There are a few opponents of a spot Bitcoin The post SEC Veteran Labels Spot Bitcoin ETF Applicants “Opportunistic Cartels” appeared first on CoinGape .