Kasso on Nostr: So, I had some questions about #Bitcoin spot etf's and looked a bit into it. I was ...

So, I had some questions about #Bitcoin spot etf's and looked a bit into it.

I was wondering if people that would hold btc spot etf shares could convert them to real bitcoin and then withdraw them from these institutions? -You can't.

Then I found out that the underlaying assets of any spot etf, don't have to be the assets that a specific etf tracks.
So there are gold etf's that are backed by real estate, but the trading price tracks the price of gold.
Current pending bitcoin spot etf's, yet to be approved, will only have bitcoin as underlaying asset.
BUT, once approved they could change their terms to add other underlaying assets too in there. That goes for later approved ones too.
So, if You're planning to buy a bitcoin spot etf at some point, check in the terms what the underlaying assets are! 😉