that was 1st thinking - u need to know those players like blackcock sucking fiat "will never onchain for settlement" hence they dnot our main bitcoin but they still control price with misinfo FIAT manager gang - casino will keep running so long they can sell 42million or more bitcoin

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so you think you can’t check their wallet which represents the etf value? thats not gonna happen, thats possible with gold but not with bitcoin.

they will not hodl any bitcoin in wallet - u r being fooled if u think they will keep

even is keep just to show Bafin / SEC it will to be fool the public - not for redemption just like gold.

derivative = derivative does matter whjat asset is underlying gold / bitcoin / shitcoin - discussion is "derivative CONTROLLING price" - not about qualities of each asset or how good an asset is

but not if derivative has way lesser trading than underlying asset.