Subnostr

To my understanding, an ETF would open up a lot of institutional investment, for instance pension funds can't just go stack sats on Coinbase, but they could buy an ETF. Pension funds manage enormous portfolios, so this would potentially unlock very large inflows into bitcoin. On the flip side, it would also increase risk of capture because a handful of "old guard finance" entities would then hold a significant proportion of bitcoin.

Gary ₿usey 2y ago

I won't deny that it would provide Bitcoin with alot of capital. It won't increase the risk of capture. Over 19 million Bitcoin are already in circulation. These entities may hold more value but at a much higher average cost.

https://youtu.be/FYhNNSLWX4g?feature=shared

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Discussion

DataNostrum 2y ago

I don't mean a 51% attack, I mean regulatory capture. Blackrock & friends may lobby to make themselves into the only approved way for institutions to hold bitcoin.

Gary ₿usey 2y ago

Ohhh. In that case it might be possible. But, there's also the matter of anonymity. That's already posing a huge issue. Even an autocratic nation like China wasn't able to fully get rid of or regulate Bitcoin.