Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

This "in cash" thing about the ETF is ticking me off. They're just looking for a way into paper btc, which as of now isn't a (real) thing. They will have their way, I'm sure.

I hope they get burned by the mightiest short squeeze on the "underlying" the Earth has ever seen. That will teach them and enrich others (notably, some of the people reading these words).

I don't the correlation between in-cash and paper BTC. Bitcoin ETF will be a highly regulated product, given the position of the SEC.

I don't see a problem with "in-cash" settlement, considering most in market participants would be entering in cash, would make sense from a financial/accounting side to exit in-cash as well.

Some drawbacks floating around is fees/fees and more fees. Given the state of the mempool, i think settlement in cash maybe more of an advantage, given the cost to sell on an exchange is less than 1%

in-cash or in-kind, fractional-reserve / paper Bitcoin is still possible... and porbably legal?

gold ETFs are a "highly regulated product" and they naked short sell the crap out of that all the time, no?

Maybe I should have stated it a little more clearly, I am asking how in-cash would create a paper Bitcoin ETF... and if you think they can "just do it", then nothing stopping them for doing the same thing with in-kind.

We already have a semi-quasi paper BTC, futures markets and possibly Bitmex and their highly leverage position... AND we'd be dreaming if we think that the snakes at wall street, hasn't already thought of other synthetic products...

#NYKNYC should be in grained in everyone mindset!