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37 sats \ 4 replies \ @Satosora 17 Nov \ parent \ on: BTC Investing: 1 million Sats or Fold(FLD) Stock? An analysis Stacker_Stocks
Just imagine, they will give you the fiat and seize your btc. In order to set up their btc reserve, they would be giving you "fair value".
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40 sats \ 3 replies \ @Undisciplined 17 Nov
They will definitely cash it out in fiat. There's no claim whatsoever that it's your bitcoin. The ETF holder only has a claim on the value of those bitcoin transactions. It's the same for any other ETF, like gold or oil or whatever.
That could change if the regulations change in such a way that we can actually hold bitcoin directly in these accounts.
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34 sats \ 2 replies \ @Satosora 17 Nov
Can you imagine if we could hold our own keys? That would be like paradise, but I can see a lot of people abusing that system. Maybe a multi-sig system?
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40 sats \ 1 reply \ @Undisciplined 17 Nov
For legal reasons, it would have to be some form of multi-sig.
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32 sats \ 0 replies \ @Satosora 17 Nov
Right, that is what I was thinking. Multisig would be nice, that way you would have some security from the company taking them and running off.
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