/biz/ - Business & Finance

>>57275152
IT'S CALLED A PREMIUM YOU STUPID FUCKING NEWFAG
IT'S WHAT HAPPENS WHEN ETFS TRADE ABOVE THEIR NAV

WHEN DID THIS BOARD GET FILLED WITH STUPID SHITSKINS LIKE OP?

>>57275152
>He still doesn't know

>>57275152
yes. they will do their magic jewrey behind the scenes to use the ETF to control the btc price.

>>57275170
Also if any other retard is reading this:
This is giga bullish, they'll have to buy more bitcoin to create more shares to align the share price with the NAV

>>57275152
it's possible in the same way that the GBTC FFutures product can sell at a discount.

you are buying a container that holds the asset, and sometimes there's an arbitrage opportunity between the container unit and the contained asset.

>>57275188
Well where the fuck are the buys? Because all I've seen since the ETF is nonstop selling.

>>57275152
Every big bitcoin event will be followed by bankers selling off to demoralize us

>>57275152
>>57275170
>>57275171
>>57275175
>>57275188
>>57275216
>>57275247
>>57275252
>giant corporation can't also just pay media to write good guy story about them
>we must seriously argue and get mad at each other over this bait

>>57275170
Happened around the 2021 DeFi summer shit

>>57275247
The buys are being made OTC
The demand won't reflect on the market price immediately be patient, the same thing happened with the gold ETF
wait until the OTC desks need to be refilled to fulfil the massive demand from the ETFs

>>57275252
Yeah. I think this is the future from now on. I'm definitely going to change my strategies.

>>57275279
LMAO at this peanut-brained cope

>>57275188
>they'll have to buy more bitcoin
Just like they do with silver.

>>57275188
>heres how the etf can still be bullish!
Holy kek

>>57275279
So basically load up bags now one last chance before the moon mission

>>57275367
They can’t create paper bitcoin like they do silver because of the fucking blockchain dumb nigga.

>>57275565
They are so desperate to get a lower buy in.
Fuck them all to Hell

>>57275152
Yes,it is jew-jitsu, In the Talmud there is even a rabbi that debates G-d and wins.

>>57275152
Nice organic post. Fidelity's BTC ETF will blow BlackRock's out of the water. You can buy spot BTC and ETH there too.

>>57275665
True yeah, I’m buying my ETF on fidelity

>>57275574
>They are so desperate to get a lower buy in.
They don't give a fuck, it's goys paying for it. They make money off the fees.

So is BTC going up or down?

>>57275701
Not the funds, the fudders.

>>57275710
Right now? down
In LESS THAN 2 weeks? up

>>57275761
My bad, moving along then.

>>57275279
AHAHAHAHAA cope

>>57275279
>>ETF LAUNCH HERE WE GO!
>-4%
>>shakeout those paper hands!
>-7%
>>They'll have to settle T+1 trading days!
>-12%
>>we're hitting support from October! It has to bounce!
>-15%
>>j-just be patient!!! OTC trades!!!!
Heh keep going anon

I'm Satoshi

>>57275279
I am short 100x, not going to fall due this copium

>>57275175
>control
you mean suppress

>>57275565
>57275565
blockchain what? no one knows their wallet addresses, they can claim whatever they want
actually same thing with the exchanges tho, they oculd've been selling paper bitcoin to knowing that all customers will never withdraw their btc at the same time

>>57275825
/thread
etf moonboys embarassed themslelves completely
>muh god candle
>muh floodgates will open
>muh 118x multiplier

as with everything with crypto it's always a fucking FLOP and a NOTHINGBURGER
maybe bitcoin and crypto will have a bullrun this year but it's not gonna be because of any fucking 'mileston' or mainnet release, or etf or any of that shit, it will just happen on its own when no one expects it and no one can explain where it comes from

>>57275816
no worries lets hope we're movin on up soon heh heh *gulp*

>>57275152
With jews you lose, simple as.

>>57275188
It’s all OTC buys so it will be awhile until exchanges run out of OTC BTC. When they do then we gongo up.

>>57275188
>he thinks they'll actually hold an equivalent amount of what they sell
kek
no one tell him

DCA, it's just a shake out

I bought the tip, i'm down 25%, I'll buy the dip also.

>>57276284
we're lucky if they hold any at all kek

>>57275152
I’m not selling my BTC.

>>57275152
Why the fuck would anyone think its a good idea to let the current economic regulators and players take bitcoin by the dick and fuck it.

Anyone who supported this is a faggot

The whole point of bitcoin was to replace the entire economic system on one ledger.

Congratu-fucking-lations you killed bitcoin

>>57277773

why do you keep copy pasting this?

there are 4 empty threads with this exact copy paste.

are you a bot?

>>57277841
It`s true

>>57275188
>he thought some boomer etf was going to make him rich

>>57275279
Buy OTC but sell on exchange.
This was the semitic plan all along.

>>57275188
They're just gonna do a "silver", if you know what I mean.

>>57279252
This

>>57275171
I just realised this is a bear eating apu. I thought he was wearing an oversized bear suit

>>57275152
No we got Angloed by those Wall Street cocksuckers

>>57276272
>2 more weeks

>>57275279
BTC holders beginning to talk like link marines

>>57275188
>they'll have to buy more bitcoin to create more shares to align the share price with the NAV
Retard here. Why exactly do they HAVE to do this?

>>57275279
>the same thing happened with the gold ETF
comparing gold with bitcoin, holy fucking shit, lmao

what a faggot

already shorted.have fun getting jewed

>>57275170
I don't do research, I just spend money.

>>57279883
because that is the spot ETF business model they submitted to the SEC and got approved

>>57275152
WHERE ARE THE BITCOINS LARRY

>>57280249
Jokes on you. They literally own the miners and exchanges. Hell, they even own Microstrategy.

>>57280249
WHERE'S THE FUCKING BITCOIN SHITHEEEAAAAAD?!

>>57275152
They don't own all the BTC, anon. Why would the entire market follow what happens with them?

>>57275152
So exactly how much is coinbase holding in custody for these ETFs?

>>57275152
etf's can decouple from the underlying, they are separate securities/assets with their own supply/demand, it happens sometimes with stock/bond etf's, but only briefly because it creates an arbitrage opportunity, so why not with a bitcoin etf.

Can’t they just use funds like this to manipulate the price like they do with gold ? How the fuck is this a good thing for BTC it doesn’t even make sense

>>57275565
Why the fuck not ? No one is interacting with blockchain through an etf

>>57280649
Because the blockchain allows regulators to view whatever wallet(s) contain the associated asset. Unlike with traditional assets where there’s a resource in reserve on paper, blockchain’s whole deal is actual accountability.

boomers always win! While you crypto zoomers pay taxes on any gains, us boomer hold BTC in our tax free ROTH.

>>57275170
this is wrong lol
the amount of crypto cope over this is just incredible

>>57275188
there's still more sells than buys in the actual bitcoin network, so the bitcoin price still falls
where will it stabilize? who knows. and blackrock doesn't care! the fund makes money at any price lmao

>>57275279
>the same thing happened with the gold ETF
source? kek
you just used gold to type that post. what have you used bitcoin for today?

>>57275170
What's race got to do with it /pol/nigger?

It's over

>>57280639
>>57277773
This.
It's all about controlling and destroying bitcoin. It was becoming a threat to the fiat system if the west. Not anymore. It will be regulated into oblivion now.

>be douche bag institional
>oy vey, it's a shoah
>tap butt buddies at sec
>create and allow btc etf
>wrap bitcoin and charge a fee
>>master race confirmed

>>57275355
Which part of what he said was untrue? How does the process work, if not as he describes?

>>57275279
>rehypothetication blocks your path

>>57277773
That dream died with segwit my nigger