Yesterday, chinese companies China Asset Management, Bosera Asset Management, and Harvest Global Investments released Bitcoin ETFs in the Hong Kong market.
Price fall around 5%.
In January 11, US company BlackRock released a Bitcoin ETF in the american market.
I know that a company selling ETFs must have the real thing stored somewhere, the rumor/opinion says that those ETFs are not actually backed up by Bitcoin, and these companies are "creating BTC from thin air", profiting from BTC real price, increasing supply, and bulk selling thin air to hit the price.
Don't forget the change in narrative in the american market, from "Bitcoin is used for terrorists" to "Bitcoin is a fantastic investment": https://bitcointalk.org/index.php?topic=5458778.0
Could it be true? Is there any way to check if those companies actually have the real thing?
Price fall around 5%.
In January 11, US company BlackRock released a Bitcoin ETF in the american market.
I know that a company selling ETFs must have the real thing stored somewhere, the rumor/opinion says that those ETFs are not actually backed up by Bitcoin, and these companies are "creating BTC from thin air", profiting from BTC real price, increasing supply, and bulk selling thin air to hit the price.
Don't forget the change in narrative in the american market, from "Bitcoin is used for terrorists" to "Bitcoin is a fantastic investment": https://bitcointalk.org/index.php?topic=5458778.0
Could it be true? Is there any way to check if those companies actually have the real thing?