Oddbean new post about login | logout There's still all the second order effects of the etf that are yet to happen too
Derivatives
I more so meant all the regulations that are going to get repealed
You think Bitcoin’s commodity regulation under CFTC will be repealed?
Referring to stuff like this https://stacker.news/items/454701?commentId=454850
I have doubts that comment is accurate. Fidelity is a broker dealer and custodies their own Bitcoin for their FBTC ETF.
I think he knows what he's talking about
I just disproved his claim with an example. Doesn’t seem like it.
Maybe @hong can answer better
You can buy bitcoin the asset on Choice by Kingdom Trust and probably Fidelity too and have Fidelity custody it for 1% annual fee. I’m not sure you can redeem in kind, but they definitely custody bitcoin and have been before the ETF got approved
I think he mentions just that? " a huge firm like fidelity ppl are fine with sine they trust apriori but a new firm like bitwise if we said we did self custody then many prospective investors would raise eye brows" What is the inaccuracy? https://stacker.news/items/454701?commentId=454906