3 ms·
Doesn't the ETF completely bypass such rules? Now you aren't trading actual Bitcoin -- you're trading entitlements at the DTC, managed on their own settlement s
by beambot 3y ago
Doesn't the ETF completely bypass such rules? Now you aren't trading actual Bitcoin -- you're trading entitlements at the DTC, managed on their own settlement system and centralized databases. All you need to do is look into RegSHO to see all the ways that system can be gamed.
- genge 3y agoIt doesn't bypass the rule. It just creates an alternative american market for it. You can still buy bitcoin following the rules of bitcoin if you chose so.
- _heimdall 3y agoIts a totally different market though if you aren't buying actual bitcoin. People can play around with derivatives all they want, there's nothing wrong with that. But to even call these a bitcoin ETF is disingenuous at best. All this is is a new fiat money with a "bitcoin" sticker slapped in the box.