People that buy the ETF aren’t buying BTC.
Discussion
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That’s right, they are buying the ETF and they know it. They like it
Idk why orange pillers assume high net worth individuals won’t know the difference. I think it’s all just virtue signaling and cope for not stacking hard enough.
I could care less if people sell some of their S&P 500 ETF to buy the bitcoin ETF instead of buying bitcoin itself. They don’t need to value what I value.