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132 sats \ 3 replies \ @Lobotomite 27 Jun \ on: My Strike Bitcoin Backed Loan Ends in July. A Review and What’s Next! econ

Are there any advantages to this strategy, over just having IBIT in a brokerage acount with margin against it? Other than the big one of realizing a gain on old btc to get it into the etf. You give up custody either way right? In kind redemption on an ETF seems like it would be handy in this scenario, though I dont know if thats possible with any yet.

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115 sats \ 0 replies \ @BlokchainB OP 27 Jun

IBIT is a black box nothing is published on chain. It’s all trust me bro tradfi.

The idea is use bitcoin companies and products that actually use the tech in an innovative way so they can stay around and hopefully compete with the IBITs of the world.

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66 sats \ 1 reply \ @denlillaapan 27 Jun

What does an IBIT margin cost?

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83 sats \ 0 replies \ @BlokchainB OP 27 Jun

Not sure maybe 5%. Brokerage margin is pretty cheap

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