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ELI5

how do the bitcoin etf's actually work?

You give daddy money and daddy buys the things he told you he'd buy. In return, daddy writes on a piece of paper saying that he bought you the thing that he said he'd buy.

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Discussion

tanel 2y ago

yeah, i need a new dad asap

hodlbod 2y ago

Haha this is exactly how my kids buy bitcoin

tanel 2y ago

hodlbod jr is the first investor in the hodlbod etf?

Eluc 2y ago

Lol, and when you give pocket money and said that they must save x% on a saving account that you manage but you just write the saved amount in a little book and use the coins back for next week pocket money.

karo 2y ago

"but Daddy, did you actually buy those things?"

🤷

Derek Ross 2y ago

We'll need to wait for Uncle Sam to audit daddy.