3 ms·
It doesn't matter whether retail traders buy trillions worth of this new ETF or not. The ETF is a futures ETF. It is not backed by any Bitcoin. It's a pure spec
by Slartie 5y ago
It doesn't matter whether retail traders buy trillions worth of this new ETF or not. The ETF is a futures ETF. It is not backed by any Bitcoin. It's a pure speculation on the future price of BTC.
Hence the only thing this ETF does that affects the BTC price is drive the hype even higher.
- baq 5y agothere's exactly 0 chance futures aren't hedged with the underlying.