Replying to Avatar Svoboda

Did some #Bitcoin  ETF math. In 26 trading days, they stacked 273,350 #BTC  or 10,513.5/day. At the current epoch rate (900/day), that is 11.7 days of mining supply purchased. At the next epoch rate (450/day), that would be 23.4 days of mining supply purchased every day.
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10Luno 1y ago

Most of the #ETFs use #Coinbase which gives out BTC-IOUs and not #BTC itself. It's an #FTX paper-bitcoin scam.

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BUB 1y ago

No

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10Luno 1y ago

# "While most #ETF issuers enlist #Coinbase Custody Trust Company to store and manage their underlying #Bitcoin holdings, #VanEck, #Valkyrie, and #Fidelity have distinct approaches.

The VanEck Bitcoin Trust is backed by #Gemini Custody and Valkyrie by #Xapo Bank, while Fidelity opted for a #self-custody option."

https://dailycoin.com/heres-how-each-spot-bitcoin-etf-is-different/

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