Who is Christopher Heymeyer and why does it matter?

[The Demon Slick]

Christopher Heymeyer is the former head of the commodities traders association and current head of Heymeyer Trading and Heymeyer Capital Management LLC.
Why should we care? He's decided that cryptos are a commodity for trading purposes, and is now launching a new venture, Heymeyer crypto currency index fund. It's been approved by the National Futures Association and the Futures Trading Commission.  For institutional and accredited investors only, of course. That means you need a lot of money to be in the gang.
The fund owns no btc, or eth, not even a few bytecoins, they own nothing, no coins at all. What it does is trade on the overall price swings of the crypto currencies in the fund. They're starting with 8, btc, eth, monero, all the big money coins. The established already coins. The ones we are most likely to be hodling.
What's ironic is there's an organized fud campaign afoot to paint crypto as a dangerous economic bubble in dire need of government regulation. Meanwhile the other face is approving the creation of dangerous economic bubbles based on zero tangible assets. But that is perhaps tangential.
The real danger is the historical record of what tends to happen when government regulators join hands with their partners on Wall street. The small are crushed, the big money eliminates competition through burdensome regulations that smaller organizations and individuals cannot afford to comply with. Large institutions simply send the paperwork to whichever one of their departments handles that stuff. Their lobbyists make sure that this is so. Then it's off to the market manipulation races!
I'm not just ranting against the system,  I'm suggesting that you keep an eye on this fund, and others like the upcoming jp Morgan etf, and plan your own investments accordingly. Btc might have flown a little bit too high, too close to the sun. They see it now. Like a squirrel looking at the birdfeeder and rubbing his paws together, thinking, plotting. They noticed all that money and they missed it so far but now they want a piece. May they never succeed.