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Replying to Avatar Byrger Tidesson

from my understanding of ETF, they might be used to leverage short the underlying asset. The Blackrock ETF could then be a dangerous attack to bitcoin price. While we, privileged citizens, could stack cheap sats, many people will be hurt by this. I'm thinking about emerging small circular economies and poorer country citizens having all their savings in bitcoin. Also, this volatility could scare a lot of precoiners away. What do you think?

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Ronheim 2y ago

yep. they can arbitrage the price in either direction with spot or futures. ETF is most certainly designed to manage the price of bitcoin.

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