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40 sats \ 3 replies \ @Undisciplined 17 Nov 2024 \ parent \ on: BTC Investing: 1 million Sats or Fold(FLD) Stock? An analysis Stacker_Stocks
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.
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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For legal reasons, it would have to be some form of multi-sig.
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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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