ETF PARTNERS SUCH AS JP MORGAN ARE EXPOSED TO BITCOIN PRICE RISK WHILE THEY SOURCE THE BITCOIN THAT BACKS EACH ETF.
THIS PROCESS SUPPOSEDLY TAKES A FEW DAYS.
WOULD NOT BE SURPRISED IF ONE OF THEM BLOWS UP THIS CYCLE. WOULD BE A FUN SHITSHOW TO WATCH.
STAY HUMBLE AND STACK SATS 🫡
pretty sure they use btc futures to offset any short term price risk
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Yes, hedging pricing risk is quite normal. It's JPM's hypocrisy in acting as AP that galls me most.
