Saw this chart somewhere on the net. Not sure if it's 100% accurate, so take it for what it is, a chart showing bitcoin ETF dates from somewhere on the net.
10 sats \ 1 reply \ @purpurato 25 Dec 2023
I keep wondering how the price of BTC will be defined for these instruments. Until now it's been done in exchanges, mostly Binance and Coinbase, and I guess there's something real about it since there's been a lot of BTC going out of exchanges during this year and everyone has been and to redeem. But with the ETF is it going to be the same? Where is price going to be defined? As I understand you cannot redeem actual BTC if you trade that, so I heard it opens the door to price suppression.
Anyone more knowledgeable in this area?
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0 sats \ 0 replies \ @crrdlx OP 25 Dec 2023
You've got a lot of questions in there, which is likely fair because I think we all have a lot of questions about how ETFs will impact bitcoin. On a meta scale though, asking simply, "Is this a good thing or a bad thing?" An ETF seems very, very good to me. More money adding more buy pressure, combined with halving the emission rate, sounds like an increase in value in my mind.
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