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[–] • 1 pt

Supply and Demand manipulation. Approval given -1/10/2024

https://www.reuters.com/technology/bitcoin-etf-hopefuls-still-expect-sec-approval-despite-social-media-hack-2024-01-10/ "Standard Chartered analysts this week said the ETFs could draw $50 billion to $100 billion this year alone. Other analysts have said inflows will be closer to $55 billion over five years."

https://www.theguardian.com/technology/2024/jan/11/bitcoin-etf-approved-sec-explained-meaning-securities-regulator-tweet "The decision to approve the ETFs is a major win for huge fund managers like BlackRock, Fidelity Investments and Invesco who will manage the funds – and have pushed hard to get the SEC to approve them."

[–] • 1 pt

Quite a bit of the current volume is driven by flows from Grayscale to the ETFs to avoid the 1.5% annual fees from Grayscale. This is why volume is so high, but prices aren't spiking because so far it's mostly a shuffle rather than new money inflows.

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Imagine thinking you're bucking the system by buying the same thing blackrock is. If you own bitcon, you are retarded and fuck you for beta testing the nwo.

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Blackrock's buying my system because it's superior to fiat.

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The only ways it's superior are in the governments best interest. You're a cow getting led to the slaughter house by your sweet gains in a digital fart that produces nothing in exchange for consumption of energy. You're a faggot.

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Sophistry is not an argument

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I know zip about crypto but I'm assuming the jew overlords are sumping all crypto for future control of that financial economic stream.

Wonder how the chinese are viewing this.

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Anyone who buys the ETF is two degrees removed from owning bitcoin. Although in theory it's easy to audit bitcoin ownership, I don't have any trust in groups like Blackrock or Coinbase. I'm sure they'll find a way to screw it up.

[–] • 1 pt

It's definitely a tradeoff of personal risk ("am I competent in securing my own wallet") vs institutional risk ("is Blackrock going to abscond with my crypto").

In many ways it mirrors willingness to self custody fiat currency vs using a bank.