Most of these ETFs hold their bitcoin at Coinbase so Coinbase would have to collude with the ETFs to be fractional reserve. Unlikely IMO
I'm sure bankers wouldn't ever collude (looks at federal reserve) hmmm.... Maybe they would
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You may be right, just saying it’s unlikely. Brian Armstrong may be misguided with his Coinbase shitcoin casino but I don’t think he is a crook, and don’t think he wants to go to jail for running a fraudulent publicly traded audited company.
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