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SatsStacker · 1d
In math we trust. Nice post! ₿ ⚡️ Zap me: [email protected]
Troy · 2d
It's not a big truck.
G Force G · 5d
#asknostr Explain bitcoin ETFs to me like I'm even dumber than you think I am. Why not just own bitcoin?
Mananguri profile picture
Because investors like hedge funds aren't setup to take custody of Bitcoin. ETF certificates, doesn't matter if they are for Bitcoin or frozen concentrated orange juice or Vanguard Trust are all just products that can be traded easily. Existing stock and commodities exchanges can facilitate the trading of them without having to do anything.

And traders aren't interested in investing in slow moving long term blue chip stocks. Traders want volitile products that fluctuate by large amounts daily. Traders don't care about the underlying asset. To traders, Bitcoin ETFs are nothing more than casino chips.

The only thing that matters is that the ETF fund has the Bitcoin they claim to have. Because anyone can verify the Bitcoin held by the fund, it makes Bitcoin ETF funds very trustworthy. Other types of ETF funds can easily fake their holdings.

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Mananguri profile picture
These bastards thought it would be funny to kill a little Ring Tailed Possum. They shake it off the pump and it falls to it's death. Then they had a good laugh about it. Feel free to phone them and tell them they are cruel cunts.

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Ava · 5d
There's a special place in hell for people like this. Thank you for bringing awareness.