Replying to Avatar BoomTown

So from my reading and learning about how these ETFs function, I am concluding we should see a pretty big inflow into the *physical* bitcoin market on Tuesday and Wednesday.
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mattybs 2y ago

Longer time horizon. Now fiduciaries need to do their homework and start getting bitcoin into client portfolios.

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BoomTown 2y ago

That’s not what I am saying.

Anyone who bought the bitcoin ETFs on Thursday or Friday will see that capital hit the physical bitcoin market on Tuesday and Wednesday. Because of the settlement window in the ETFs, it takes 2 days for the capital invested in the ETF to be invested into 1:1 backed bitcoin.