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11 sats \ 3 replies \ @0xbitcoiner OP 8 Mar \ parent \ on: 4% of The Entire Bitcoin Supply is Now Backing US Spot ETFs bitcoin
Old habits are hard to break, but we can do it!
The important thing is what people DO with their BTC.
That's precisely why I'm asking, what can these large institutions do with the bitcoins they have in custody?
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26 sats \ 0 replies \ @freetx 8 Mar
what can these large institutions
"in kind" funding and redemption was initially part of the proposal but was killed by SEC insistence.
However (a) change in administration will yield a different head of SEC, and (b) as enough people accumulate ETF-BTC there will become more pressure to allow "in kind" transactions....thus it seems pretty likely that eventually these ETFs become pretty good on-boarding mechanisms in the long-term.
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16 sats \ 1 reply \ @DarthCoin 8 Mar
They will do nothing. Will just print more shitcoins... And people will still be enslaved.
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0 sats \ 0 replies \ @0xbitcoiner OP 8 Mar
Are you saying that they can't do anything, or is that just your opinion?
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