I keep a supply of fiat around for big dumps.
So if I'm following the plot here..
IBIT would hard fork, dump their positions of Btc on the open market and anyone invested with them would suddenly own the equivalent of BBTC?
I wonder if any ETFs would stay on the original.
I don’t know how it would actually unfold with etfs but I’m assuming they’d just hold the fork shitcoin with their custodian and have the option to sell off bitcoin. My guess is they would absolutely do this to dump the price and encourage a switch. The actual ETf would probably not be affected volatility wise unless the shitcoin starts dumping - which I don’t think would happen right away because they have an unlimited fiat printer basically …
Well I hope we're wrong on this. They should have enough smart people involved that have been through hard forks before.
We will have to wait and see.
It’s a bit different this time around when you have one player with massive coffers. They would suppress our prices for a while and it might even feel like the end for bitcoin. But, it’s hard to say really.
The have <2% of the coins in the ETF…that’s the beauty of the halving design.
