Dirk on Nostr: I'm the first to admit I don't follow all the ins and outs of ETF structure, but the ...
I'm the first to admit I don't follow all the ins and outs of ETF structure, but the explicit removal of in-kind redemption sounds like a huge red flag. Are there proof of reserve requirements? How does anyone know the ETF is actually backed by anything? Seems like a huge opportunity for market manipulation. Anyone have some insight? #plebchain #bitco in
JUST IN: 🇺🇸 SEC just met with ALL spot Bitcoin ETF issuers and told them to remove any reference to "in-kind" redemptions from their filings. "Cash creates" only.
It's a done deal. 🤝
Negotiating the finer details. 
Published at
2023-12-22 00:20:39Event JSON
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