Asone on Nostr: Might be wrong but I thought ETF were to get exposure to a market, allowing at the ...
Might be wrong but I thought ETF were to get exposure to a market, allowing at the same time to buy fractions of shares.
With a BTC ETF what will you get ? Can't be a basket of fractions of multiple units as, if I'm correct, it concerns BTC only.
Also, I do get that on some financial products, getting exposed through paper versions of a product can be helpful ( paper gold, paper oil ), but here ? Why would you want paper Bitcoin ?
The only thing I can see here is not to have to handle your own security ( self custody ), so there'd be no difference with storing your coins on an exchange.
Published at
2023-06-27 15:13:14Event JSON
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"content": "Might be wrong but I thought ETF were to get exposure to a market, allowing at the same time to buy fractions of shares. \n\nWith a BTC ETF what will you get ? Can't be a basket of fractions of multiple units as, if I'm correct, it concerns BTC only.\n\nAlso, I do get that on some financial products, getting exposed through paper versions of a product can be helpful ( paper gold, paper oil ), but here ? Why would you want paper Bitcoin ?\n\nThe only thing I can see here is not to have to handle your own security ( self custody ), so there'd be no difference with storing your coins on an exchange. ",
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