I for one am not lobbying for an ETF or for Wall Street-managed money in general. It might cause more problems than it's worth. The recent sell-off by dumb money has or soon will deprecate many opinionated know-nothings in this space. We don't need new ones to take their place.https://twitter.com/cenaclecapital/status/1028632915951972352 …
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I 100% understand that, which is why I self custody. However, there are way more people than us that do not want to worry about storing their money/wealth themselves. Also institutions/hedge funds over a certain amount are not allowed to stores their clients assets.
Then why are they investing in Bitcoin in the first place? Perhaps they shouldn't.
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They just want to get some in case it catches on. Makes sense.
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Its worth noting that the VanEck Bitcoin ETF (the one with the best odds to be approved) will cost 25 BTC a share, so it wouldn't be a retail dumb money ETF. It's made for institutions (which can also be dumb sometimes, but that's not the point).
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diversification
Thanks. Twitter will use this to make your timeline better. UndoUndo
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The ETF makes sense to me for ppl who have most of their assets tied up in IRAs, 401ks, etc and would like some exposure to BTC. A lot of ppl are cash poor, retirement account rich
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