I don't have a source handy, but my understanding is when money is put into the ETF, they do have to buy Bitcoin within "a certain amount of time" (not sure how much time, maybe daily or so).
Plus obviously holding any large portion in cash is a quick way to become insolvent given Bitcoin's volatility, and I don't think any of the ETF managers are *that* stupid, even if it was a legal option.
ImmutableManty /
npub16hn…jpsu
2024-06-08 07:46:49
in reply to nevent1q…hnf4
Author Public Key
npub16hnr97hysrldu07jm6q0uduqj3c8p5sxqkt4c0muu8mjg0k5acasf2jpsuPublished at
2024-06-08 07:46:49Event JSON
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"content": "I don't have a source handy, but my understanding is when money is put into the ETF, they do have to buy Bitcoin within \"a certain amount of time\" (not sure how much time, maybe daily or so).\n\nPlus obviously holding any large portion in cash is a quick way to become insolvent given Bitcoin's volatility, and I don't think any of the ETF managers are *that* stupid, even if it was a legal option.",
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}