The only thing that sucks is that for low to mid value BTC users, we wont actually be able to move our coins into the ETF. Im not 100% sure what the minimum is right now but I believe it is somewhere around 1000 btc.
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Just hodl the real thing.
Which one would you rather have? Gold ETFs, or the real deal?
Prescient.
And yes, you get it man. Guys this is an explanation of what's happening that really puts it all together in 4 minutes.
There are benefits to having both. Personally even if I could, I wouldnt move all the bitcoin I have into a bitcoin etf, but I would move a portion, maybe around half. Each offers a different advantage.
If the ETF is listed, you just buy it through a broker on the exchange like any other stock. To get your money out, you would sell for fiat on the market. It has nothing to do with any BTC in a wallet where you would continue to control the keys, or BTC that you would use for personal transactions. You wouldn't be buying BTC. You would be purchasing a security - same as how the gold & silver ETFs are structured. The ETF is not the same as owning BTC. It is a derivative that tracks the price movements of BTC.