nico on Nostr: Owning ETF is actually 2 layers of custody - first IOU from the broker (there are no ...
Owning ETF is actually 2 layers of custody - first IOU from the broker (there are no ETF physician bearer instruments afaik), then IOU for actual BTC (not necessarily redeemable). Maybe we should have language / scientific terms for the degree of actual ownership.
Published at
2023-07-26 07:07:04Event JSON
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"pubkey": "75489bb3f9de3fa04651996cc6610b00f24ca8fbb3b4270502f267aac2510ddf",
"created_at": 1690355224,
"kind": 1,
"tags": [],
"content": "Owning ETF is actually 2 layers of custody - first IOU from the broker (there are no ETF physician bearer instruments afaik), then IOU for actual BTC (not necessarily redeemable). Maybe we should have language / scientific terms for the degree of actual ownership.",
"sig": "08d2c5502d17c475747f7d448f33f3619a2cce617c55e201caf4aed524b42062043d444c2bdd02f8c5a7d6b1632bdada9ed780d666275e3332aaec4225c37f03"
}
