PANews reported on November 16 that Simon Gerovich, CEO of Bitcoin treasury company Metaplanet, posted on the X platform that some people say ETFs are a disadvantage for Metaplanet, but this is not the case. ETFs need inflows of funds to support them, otherwise the amount of BTC they hold will never increase. On the other hand, the amount of BTC held by Bitcoin treasury companies like Metaplanet will never increase. Therefore, ETFs are a kind of "static exposure." The two play different roles, and ETFs do not weaken the advantages of Bitcoin treasury companies.

Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more

