Am I the only one who sees the word Trust in most of the Bitcoin ETFs? They don’t seem to be spots.
But hey, I have no idea how any of this works.
Discussion
Based on spot price, but implemented as Trusts. In essence, they are all one way black holes mimicing Grayscale.
Definitely not structured as a trust. It’s an etf.
Canada’s had a spot for two years. Here’s an explainer:
https://thoughtful.purposeinvest.com/how-does-a-bitcoin-etf-work/amp/
Are you know about stocks ETFs like Stocks but for Bitcoin, ETFs mean box of Bitcoin control it by other ETFs will give Bitcoin more stability and legit and give companies choose for Investment in Bitcoin by Easy roads by ETFs
If you want buy Bitcoin by ETFs will pay Fee yearly but If you buy Bitcoin by exchanges or P2P don't will pay anything
trust means they are based on equity, which in its old school meaning is "actual property rights"
that's where all this "in kind" chatter comes from... it's a trust, the res (object of the trust) is owned by who holds the title to it (the clients)
probably this is a deeper reason why there has been such a slow process to get these things to happen because if the trustee fumbles the trust they breach the trust and that's kinda cereal