Wall Street asked for a Bitcoin ETF so they could help you buy Bitcoin.
That's weird because you could already buy Bitcoin.
Turns out the ETF wasn't for you. It was for them.
Now they naked short your ETF shares, hedge with futures, source BTC via private OTC, and skim from both sides. All legal.
Self custody was always the answer.
If you’re buying Bitcoin through an ETF, you're buying a derivative of a derivative managed by people whose profit model depends on your Bitcoin being worth less than the market thinks, retard.
That's weird because you could already buy Bitcoin.
Turns out the ETF wasn't for you. It was for them.
Now they naked short your ETF shares, hedge with futures, source BTC via private OTC, and skim from both sides. All legal.
Self custody was always the answer.
If you’re buying Bitcoin through an ETF, you're buying a derivative of a derivative managed by people whose profit model depends on your Bitcoin being worth less than the market thinks, retard.