Another thought on the #Bitcoin ETF is that it favors people who trade BTC via the ETF than those who own the spot since you don't have the same tax and other regulatory requirements that are arguably burdensome to the plebs. Looks like people are selling the news too. Can't wait for the Direxion 3X Bitcoin ETFs. 🤣
Curious how #Bitcoin ETFs changes its investment profile. I will always prefer to own the spot than to rely on some 3rd party to own it. Can't wait until one of those funds purchases "tainted" Bitcoin and see if the fund is accused of facilitating money laundering & terrorism.