Incorrect, that's not how ETF's work.

When the gold ETF got started everyone laughed.  Today the gld ETF is the 4th largest holder of physical gold in the world after like the US, Germany, and China.

That's just one US ETF.

Imagine what they will do to Bitcoin's price given how rare it is, all part of the plan to create a global maddening craze - free money for everyone, just mine it.  A huge explosion in ASICS and computer sales as well and not to mention energy consumption as right now, with less than 1% mining Bitcoin eats an entire nuclear powerplant when it could have easily been designed to eat nothing like PPcoin.  None of this is by accident - it's all designed to make some temporary money for the monkeys, us, and hundreds of billions for the 1%.

The way the Bitocin ETF will work is for every 5 shares of the ETF someone buys (and hedge funds will buy millions of shares) the winklevoss brothers (the ETF) then has to physically go out (just the gold ETF had to do) and purchase 1 bitcoin, so a 5 to 1 ratio.

Now, there's only 12 million bitcoins in the whole world.  My short term price target of $1,000 is gonna get blown out in under 12 months maybe under 6 months.   bitcoin may go as high as $10,000.

It's gonna be a mad frenzy and nobody sees it which shocks me.

The great news is bankers and personal investors will then look for Bitcoin 2.0 and 3.0 and will speculate on various other coins and so most alt coins will skyrocket.

Millions of $$$ will be made overnight to those who see what's coming.

Just buy and hoard any coin, it doesn't matter which, just hold on to them for just 1 year.  By then it should all be infinitely more clear but the trigger will be the Bitcoin ETF.