If #Bitcoin is decentralized, secure, permissionless energy money… then what is a share of a spot Bitcoin ETF?
A power outlet connected to a breaker box over which you have no control.
Good analogy.
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An iou?
A digital fart
It's a proxy for Bitcoin. A way to access it through a brokerage account - especially through tax deferred instruments like HSA accounts in the US. nostr:nevent1qvzqqqqqqypzpduedsvruqmd7fuq99zmszaaezct7kt3ke3p4p4lx45uxvs30uraqqs9s8k30fqkttrvy65kj0jk880uvsde0jadxr9d6cqpe6hyj024zjcnffctt
A photograph of a nice meal
Love this :D
An illegitimate bastard of the king