bu5hm4nn on Nostr: It's important to consider the fact that a spot ETF might not need to be 100% ...
It's important to consider the fact that a spot ETF might not need to be 100% covered. It could be fractionally held. It depends on how the SEC will define the "clearing house" for this asset. thegreattaking.com free book for a general view on how clearing houses are fractional reserve entities
Published at
2023-10-24 23:01:00Event JSON
{
"id": "0000026b97e111e28ec1c3b8aeba20657c9e339f6faec7c961092f45f1645f40",
"pubkey": "bfc058c9abb250a2f4f0f240210ae750221b614f19b9872ea8cdf59a69d68914",
"created_at": 1698188460,
"kind": 1,
"tags": [
[
"client",
"gossip"
],
[
"p",
"3f770d65d3a764a9c5cb503ae123e62ec7598ad035d836e2a810f3877a745b24"
],
[
"e",
"465f2f72e1499f19de30a00e54809a774179dd1b6198cc8a95839e93394c8e72",
"wss://nos.lol/",
"root"
],
[
"nonce",
"247099",
"22"
]
],
"content": "It's important to consider the fact that a spot ETF might not need to be 100% covered. It could be fractionally held. It depends on how the SEC will define the \"clearing house\" for this asset. thegreattaking.com free book for a general view on how clearing houses are fractional reserve entities",
"sig": "3f134b7f5241b2adb3497512c995974452dfa99b1f44170448e478c93786e4c074539d21b494f9fb33aa460611a22987047b506b3a152d34365106b968d5c71b"
}
