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> Bitcoin seems to be for real on some level but the transaction volumes it can handle are anemic. Same with physical gold in much of the world today. Differen
by hn8305823 3y ago
> Bitcoin seems to be for real on some level but the transaction volumes it can handle are anemic.
Same with physical gold in much of the world today. Different forms of money have different use cases and tradeoffs.
> So far Bitcoin ETFs have struggled to track BTC accurately
This is only because of the stubborn refusal by the SEC to authorize "full" ETF status for them. The funds that trade today like GBTC are essentially closed-end funds that cannot be redeemed for the underlying asset on a regular basis. That daily/intraday mechanism is what allows full ETF's to track correctly as arbitrage strategies can profit from any significant deviation.