Could someone please explain?
I see there is an assumption of some billions coming into BTC thanks to ETF money.
But if I understand - ETF is just a product tracking the BTC price.
Do they even have to buy BTC to run ETF?
What stops them from issuing 100 billion of HODL or other ticker and each one tracks BTC price?
#asknostr
#plebchain
#bitcoin
They legally must buy and own the assets. The paper is backed one to one buy actual on chain BTC. They are audited.
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