0 sats \ 1 reply \ @carlosfandango 16 Aug 2023 \ on: Are Spot ETFs a threat to Bitcoin Long Term? bitcoin
Great points raised here. I do wonder if the approval of US ETFs will have more high-net worth fiat investors buy in to ‘real’ BTC and leave managed funds & trusts to buy the ETFs. Double demand in a sense. As for additional countermeasures etc. I just don’t know other than strength in ‘informed’ individual numbers.
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31 sats \ 0 replies \ @rod OP 16 Aug 2023
The interesting thing about these new ETFs is that they are spot, meaning, those institutions will actually buy the real #Bitcoin (using Coinbase to store it and secure it for them), therefore, not an IOU. Those funds will own in their portfolios true #Bitcoin, as Microstrategy and Tesla do right now, but with a third party taking care of the custody.
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