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10 sats \ 1 reply \ @DiedOnTitan 6 Jun 2024 \ parent \ on: How much bitcoin owned by ETFs is too much? bitcoin
when the customer sells they don't
That's not how it played out with GBTC. So much cash left when the ETFs opened, that they had to sell 300,000 Bitcoin to cover.
https://m.stacker.news/34235
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0 sats \ 0 replies \ @Catcher 6 Jun 2024
Right, I agree, but I won't be surprised if in the future blackrock will come up with the solution that will allow them to keep all the BTC fromn the ETF. At the end of the day, if you understand the game then you will try to get as much BTC as possible.
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