Whatever. ETFs are pointless when it comes to Bitcoin.
Discussion
That is true, Gary. However, for those who are averse to holding Bitcoin directly. Spot ETF is probably better than the currently available future ETF and GBTC
can you elaborate ? because there are fairly well-known accusations regarding gold etfs being used as price suppression vehicles against their host...
i've heard of that accusation with futures etf but not spot 🤔
one last thougjt: the reason they are able to get away with it on metals is there's no tally of total metals so no one can call BS. we know how many btc exist so on a long enough timeline they prob cant get away with too much. 🤞
So, the thing about BTC and its price fluctuations is that they are determined solely by how much BTC is being sold and bought within a given point in time. The value of the fiat being used, arguably, has little or no influence over it. The thing about gold is that much of it is tainted with other metals nowadays, so it is more or less useless. Let's not forget about the fixed supply of BTC. That alone dictates the direction of BTC.
Lol. What bitcoinbohemian said are also good points.