At least this is required to be full reserve, but I don’t see how their rebalancing can actually keep up with bitcoin supply squeezes when it rips
And how will those ETFs absorb theft and loss (inevitable)
ETFs failing is the second to last boss, then it’s countries failing, then hyperbitcoinization
it is very complex n multiple factors plays into derivative dynamics - as pleb small HODLer we our part not participate create awareness - keep stacking self-custody and SPEND for good cuases
they controls FIAT world hence FIAT can indirectly control mainnet coin price - good news OLD HODL whales knows this never sell to their fiat casino
they can make BTC 5K or 50K in day dnot matter much - futures exchanges will separate from real value - they wont break - settlement of ETF ETN GBTC dnot have NO OBLIGATION to send real bitcoin
From what I understand the ETFs are obligated to back fully with spot BTC… will be interesting to see how well they can match their derivative to spot when the price runs away
OBLIGATION can relinquished under many CLAUSES - nationalsecurity emergency force majure etc.
Anyone getting in at the ETF-level, is already too late, anyway lol 🤦♀️
rich fiat high roller blackcock casino - ask ur broker
Yeah, they will not displace the BTC, early adapters.
they INSITUTIONS are NOT ADOPTERS
they dnot use wallet or create BITCOIN
you r WRONG unless u r urself FUND manager
The early adopters are us, not the institutions. I am on your side.
here is ur TASTE of OBLIGATION from history and also 1971 Nixon shock
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