BTC ETF price reference is a joke. It's only a fraction of global volume and doesn't include the biggest price setting exchange: Binance. pic.twitter.com/TI6P1Y29bL
— SolidusMax (@SolidusMax) October 18, 2021
FYI, the btc futures contract is still not approved by the CFTC. It's a self-certified product by CME. But hey, why not make an ETF?
— SolidusMax (@SolidusMax) October 18, 2021
That's exactly the mistake. If something happens to Binance or Tether it will create a liquidy hole on USD exchanges. You can't exclude Binance b/c they have verified btc holdings.
— SolidusMax (@SolidusMax) October 18, 2021
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