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> in principle no reason it couldn't be done. I'm not suggesting otherwise. I am pointing out that a genuine, fast mechanism for shorting needs to be availabl
by jpdoctor 13y ago
> in principle no reason it couldn't be done.
I'm not suggesting otherwise. I am pointing out that a genuine, fast mechanism for shorting needs to be available in order for the ETF price to track the underlying. That mechanism will take quite a while before there is enough confidence for market participants to have faith in the ability to short.
- RockyMcNuts 13y agoI guess I would say a genuine, fast mechanism for price discovery and liquid trading Bitcoin long and short needs to be available. As long as the ETF sponsor stands by to exchange the ETF for Bitcoin and vice versa, shorting isn't really required. If it were a closed-end-fund with no exchanges for the underlying, then you would need ability to borrow/short.