GREEK HODL's avatar
GREEK HODL 2 years ago
While an approval of a #Bitcoin spot ETF will affect the price don’t forget that ETF is not real #Bitcoin and this is what is meant to be. Buy real Bitcoin only and send it directly to cold storage. Learn how to use it, run a node, open a few LN channels and enjoy the ride! image

Replies (2)

Nado's avatar
Nado 2 years ago
Its a spot bitcoin etf, by definition they have to buy btc
GREEK HODL's avatar
GREEK HODL 2 years ago
Though they don’t need to hold a 1:1 ratio. More likely they need to hold 2 BTC for every 3 they sell.