A key part of Bitcoin’s value proposition is its p2p nature. Bitcoin ETFs take this element away.
#StatingTheObvious
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Basic ⚡️
Maybe it's more of "they remove this feature in their product."
What they do doesn't affect p2p outside their custody.
It's like a wrapped Bitcoin token
(Paper receipt for Bitcoin someone else now holds)
Just a shitcoin with more official credibility.
