Replying to Avatar Derek Ross

Bitcoin ETF ticker symbols are starting to show up on Fidelity's website.

https://digital.fidelity.com/prgw/digital/research/quote/dashboard/summary?symbol=HODL

#m=image%2Fjpeg&dim=1080x1245&blurhash=%7B5RW9w009YWB%3FI-qWUt700%7EXInRjofRjWBof00InE0j%5B-%3BxuWBRj00-qofIUR%25ayWUt700InE0t7%253t7WBR%2500xbt7oyt7ofWBf8009YWUj%5Bxbs%3BRjWB00xuR%25WBoMayayju00bHWBj%5Bf7xuofj%5B&x=510b4279d4fa28e44cd8835918d1baaf36672a9ad7a54aa3ee6dffb009c07f5d

who is HODL

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The name of the firm is right there in the image.

Oh I see. 😅

I think that’s my favorite of the ticker symbols 🧡🧡🧡

They're also donating 5% of their profits from this ETF to Bitcoin Core Devs 🥹

Higher premiums inbound.

I love the idea of donating profits to support the open-source, decentralized community, but not at the expense of the #plebchain (read: my neighbor).

Those companies are going to make their margins and hit their YoY “growth” targets, so those in the ETF will be paying premiums and fee equal to the company’s expected returns and committed donations.

Fortunately there is 10 others competing, so if they do add to the premium, it will all be figured out in the market.

For the plebs, we should be buying real Bitcoin and cold storage anyway, not ETFs for us.

absolutely. 0 fees to self custody my own bitcoin.