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10 sats \ 2 replies \ @brave 18 Dec 2023 \ on: Not so toxic rant, but this ETF stuff made me realize something bitcoin
Can't ETF be done in a non-custodial way?
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10 sats \ 0 replies \ @Coinosphere 18 Dec 2023
Effectively: No.
We could make some non-custodial smart contract that acts like an ETF just fine, but no one bothers to because we all know in advance how regulators will treat it.
And if the SEC doesn't approve it then it won't be touched by any fund managers at all. No real money could possibly be moved into it.
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0 sats \ 0 replies \ @IanMalcolmPhd 18 Dec 2023 freebie
I wonder this too. Some kind of multisig. Capital will naturally flow to locales where there is the highest freedom for the user, not necessarily where the shadowy "yield" or dividends are.