Why do people need an ETF to buy bitcoin?
If the ETF is 1:1 with the actual product. What's the purpose of ETF?
I don't get it, just buy bitcoin, what's preventing you from buying the actual coin. In what scenario do someone/institution only able to buy ETF bitcoin IOU?
#aaknostr #bitcoin #plebchain #tradfi
They don't have expertise to custody
People dont need it. Other entities do. Like pension funds or insurances. There are regulations what they can and can't buy. And currently (at least I believe in NL) bitcoin isn't an option for them. With ETF it becomes a good option
401k and other tax advantaged accounts
