“IBTC is now IBIT…the ETF will be cash-only.” Thats all you need to know #bitcoin #highlighter https://decrypt.co/210278/blackrock-makes-key-changes-to-bitcoin-etf-ahead-of-expected-launch?amp=1
“It does not touch the Bitcoin.” https://image.nostr.build/e08dd3327dd6b457b1b896a046b699e9a6e9b6df6b896c3de19c0773cab16fdb.jpg
The "price setting" mechanism will now be to buy this etf and sell cme futures and viola you make fiat. The next step for all this is people trying to take delivery of cme futures because that's the only way to acquire actual btc. Coinbase and other "spot" exchanges will disappear.