It’s all new to me and it’s all new to Bitcoin.

We’re playing the same shitty games with Bitcoin the money men used to play with old money 😞

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Not entirely new for Bitcoin sirr. Products like GBTC (an OTC trust) existed since 2013, and various European ETPs (ETNs/ETCs) tracking Bitcoin launched years ago(2015-2016).

The financial packaging of assets for exchange trading is indeed an old game, now applied to new assets.