So weird, because the trust would still own the 'Bitcoin' that goes off on the other fork... so why would it be framed as some choice they have? Wouldn't the trust just legally own the coins in each network?

Reply to this note

Please Login to reply.

Discussion

“The sponsor may also disagree with Shareholders, the Bitcoin Custodian, other service providers, the Index Administrator, cryptocurrency exchanges, or other market participants…”

My read is it’s framed that way so they can unilaterally determine what Bitcoin is on their own / US Government’s terms.

This doesn’t look good, but there is also the possibility that they have no idea what they’re talking about 🙏🏻😂

Keep your nodes vigilant