well, it would matter if it affected the spot price but it's a derivative and if anyone is stupid enough to confuse the two then ... well...
it's a derivative, ok? it's a derivative, shout it from the towers!
you can have the real thing without any fucking KYC or account or any government approved shiot
ETF = derivative
degree 1, but it's still a derivative
Yes but you missed the point I think. Nobody thinks the customer will own any BTC. Cash-in/cash-out is clear.
Read again for clarity if you want to add.
It is not a derivative
Where do ppl go buy $1M+ of no KYC bitcoin?
People that buy the ETF aren’t buying BTC.
📄 🙌
nostr:note1yjlam6f3jez6nahnhgpdkden8f0d4v7rjks0mynlz5m2t55uexvqnjha5t
That’s right, they are buying the ETF and they know it. They like it
Idk why orange pillers assume high net worth individuals won’t know the difference. I think it’s all just virtue signaling and cope for not stacking hard enough.
I could care less if people sell some of their S&P 500 ETF to buy the bitcoin ETF instead of buying bitcoin itself. They don’t need to value what I value.
