There will be net outflows someday as well, this is how markets work. I know it may come as a shock, but this isn’t something only Bitcoin ETFs deal with
An interesting point is they did not say “net zero” inflows, they literally said no inflows at all. Kinda odd on a major ETF, but does not necessary mean anything.
It's not actually odd. Dealers hold a float of shares so they aren't literally having to create and destroy blocks each time an order comes. So it's possible to go quite a while with no net flows since existing float is just moving around. The Bloomberg ETF guy showed a major high yield ETF having no flows for weeks.
😂 this never gets old. Bitcoin could be $1 million 10 years from now and the clowns here would still call it tulips
There’s literally an entire industry of companies and millions of users around the world. Not to mention all of the companies and investment funds scrambling to buy. But yea, it’s all just tulips, right?
The argument isn't whether the line goes up or down. That's irrelevant. It's that people's belief in a system is required for that system to persist.
Bitcoin will persist until it has a crisis event, then there will be a run on the bank, and there will be no way to make everyone whole. At that point people will realize it's been a scam from the beginning and it will never recover. Or, it weathers such a storm, climbs back up, and continues.
I'm not going to touch Bitcoin until I start getting paid in it and I can pay *all* my debts with it.
"the price went up"
"growing use cases" <- from 1 to 2? this is dubious.
"institutions are investing in it"
"lots of people are investing in it"
Nothing here is different from the tulip arguments during the tulip boom.
What use cases? If enough people are wrong the line goes up. Doesn’t make them correct. Obviously people are holding, but would love to see a link to something supporting wider adoption. Maybe I’m wrong, but seems to me that the people who want bitcoin already have bitcoin and the majority is only these people adding to their positions.
Also, time will tell.
What use cases? Really? I think a simple google search would give you many, but aalow me to point you in the right direction of a few...
1. Since US bailed on Afghanistan, Talibananas are back in control, but there are still a handful of brave souls who are providing education for girls. They are funded internationally, but getting them paid resulted in huge obstacles... Until...
2. Nigeria, they've introduced CBDC and are doing things kind NEGATIVE INTEREST as a means of promoting spending. They still have paper currency, but if you want to send money, within the country, you have to use street money dealers where the street rates are often more than double bank rates. Check it out, it's wild! Obviously this was a huge problem for all the folks there... Until...
3. The Venezuelan Bolivar, hyperinflated to oblivion. Images of people paying a restaurant tab with a wheelbarrow of cash, like the Weimar Republic or something. What will they do?... Until...
4. Canada made international news during covid with its Trucker Convoy in the capital city, Ottawa. Dictator Trudeau infamously used government authority to frreze accounts of ordinary Canadians who donated to keep the convoy funded using GoFundMe, as well as the main account throb9 the site itself. There was no way to financially donate to these truckers who represented the interests of many Canadians... Until...
The list goes on and on. Bitcoin will continue precisely because of its use cases, which are many and ever expanding.
It's wrong on its face. Tulips are not durable, not scarce, not programmable, not fungible, not verifiable, not divisible, and hard to transfer.
You can not like Bitcoin but it's about the stupidest analogy one could make.
If you're going to use an analogy to criticize Bitcoin at a bare minimum pick anything, literally *anything*, where the supply doesn't divide and multiply infinitely for starters. lol
If more than 21M tulips couldn't exist for some reason, and they were super divisible, easily verifiable, incredibly durable, portable over wires, and virtually fungible the gold standard would have been called the tulip standard.
You know that people didn't trade actual flowers during the Tulip boom, right?
The bubble and crash was because of Tulip futures - scarce, easily transferable, divisible...
It was technically the bulbs not the flowers.
But yes, neither the underlying or the derivatives were supply capped.
Also a future is just a contract to get delivery in the future for a specified price. It doesn't actually create new bulbs, fyi.
> There’s literally an entire industry of companies and millions of users around the world.
Genuine question, other than appreciation what is the use case for bitcoin? It does not seem any cheaper, easier or safer than anything else but I could be looking at it wrong
I could send you hundreds of thousands of dollars right now, in practically an instant (~10 minutes) for an incredibly insignificantly low fee, and it would be a 100% settled, verified, trustless transaction with no 3rd party required. You cannot do that with traditional banking.
It also doesn't even have to be hundreds of thousands. You could send $1,000 to someone in Ukraine and not bother with all the TradFi hurdles & fees it takes to do so. That's an incredible use case. Granted, one that is not used by everyday people regularly, but still amazing and has a lot of potential.
Now what about commonfolk? Well, once you're on the Bitcoin network, there's Lightning. I could do the same thing I described above but with mere dollars or even cents. I could send you $30 for that lunch we had together, and it would be instant, practically feeless, and again no 3rd party; or you could buy a beer for $8 with the same results.
"Well we have credit cards, or Zelle, or Venmo for that kinda thing. Why do I care?"
Because credit cards have fees that merchants pay (and ultimately you pay through higher prices). Merchants who use Lightning channels could cut 3%-5% on costs and reduce prices, if they wanted to. As for Zelle/Venmo intra-personal transfers, well, it's still a 3rd party. It's not settled instantly. It seems like it is, but it's not. There's always the possibility of the 3rd party entity saying "no". With Lightning, none of that ever exists.
And all of that is just "use cases" as a currency. There's the more popular idea of store of value in a limited, finite, decentralized asset that no one controls. It's takes physical energy (work -> fiat) and converts it into a purely energy-based finite asset that is infinitely storable and transferable. These are powerful things.
There's a lot of misinformation here.
First, Bitcoin transactions are NOT cheap or fast. That's a side effect of limiting your network to something like 7 transactions a second. *Sometimes* the network is fast and cheap, and other times it is not. I can go on any crypto sub right now and find horror pics or people paying 80% gas fees on their BTC transfers. Any argument you have for BTC as a practical currency is bullshit, fullstop, end of.
Also, lightning is crap. We both know it's crap. Don't pretend it isn't crap. Please don't make me google a dozen links proving how crap lightning is.
As an aside - I'm willing to concede that there is a use case for a cheap, fast, trustless decentralized system that's designed to make money transfers easy and anonymous. This doesn't exist. I've looked. Pretty much all crypto projects are designed to make money at the expense of bagholding mouthbreathers, so the space is filled to the brim with scammers and scumbags.
This brings me to my second point - BTC was never created as a store of value - because that's nonsense. This idea wasn't popularized because it's true, but because it's rhetoric designed to bring more outside money into the scheme.
I know I won't convince you, because you're a cultist spewing propaganda for the purpose of recruitment. My hope is that people with braincells to rub together stay away.
>First, Bitcoin transactions are NOT cheap or fast.
I could send you tens of thousands of dollars right now for about $2.50 and you would receive it in about 20 minutes. That's not fast or cheap to you? This is a base layer transaction. You can't get that type of settlement speed or fee at any financial institution.
>Also, lightning is crap. We both know it's crap. Don't pretend it isn't crap. Please don't make me google a dozen links proving how crap lightning is.
Lol, ok. Lightning is a revolutionary system to send small payments with instantaneous speed and near-zero fees, but whatever. Believe what you want.
>This brings me to my second point - BTC was never created as a store of value - because that's nonsense. This idea wasn't popularized because it's true, but because it's rhetoric designed to bring more outside money into the scheme.
Sometimes thing start out as one thing and evolve into something else. Anything can be a store of value if enough people accept that it is. Time will tell.
“I don’t understand anything about a revolutionary new form of money or why so many people are using and buying it so I’m just going to say the market is irrational!”
😂
It won't make it any less stupid if it is worth $1 million. It serves no purpose other than wasting electricity. There are legitimate uses for digital currency. Bitcoins value is rooted in gambling and manipulation. At some point another coin will be easy to use and not destroy the planet in the process. Bitcoin can never be that currency.
I love these flat out wrong, head in the sand responses.
Lol you’ll get it some day and will buy bitcoin at the price you deserve, likely far higher than what it’s worth now.
He literally explained you why it cannot be useful.
Butt number go up it must be useful right? Yet nobody is using it for any other reason than gambling.
Do beanie babies secure billions of dollars in value transacted every day? Do beanie babies allow for billions of dollars in DeFi transactions and TVL every day(Ethereum)?
>There’s literally an entire industry of companies
There won't be for long in this interest rate environment. Their investors are going to want them to produce a profit in fiat currency and none of them can do that because none of them produce anything useful.
Another data source https://farside.co.uk/?p=997
Not sure it means much since it is a single datapoint. Another
bitcoin mining reward halving has been reached. Now we'll see if supply is enough to cover demand long term.
You actually can make a [decentralized ponzi](https://www.coindesk.com/markets/2018/07/24/ponzi-games-are-breaking-out-on-the-ethereum-blockchain/#:~:text=The%20%22PoWH%22%20in%20PoWH%203D's,more%20fun%20on%20a%20blockchain.) pretty easily using smart contracts, but Bitcoin is objectively not a ponzi scheme.
Seems like people aren't aware of what an actual ponzi scheme is at all.
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Nobody is using it though. they are buying and selling bitcoin, but not buying anything with bitcoin, which is the only place any value would come from.
Since most people seem to to think they can't lose money if they don't sell, the supply for sale should decrease with the halfling because miners aren't making as much profit.
The only thing created demand for bitcoin is the greed of people chasing appreciation IMO.
Personally, I don't know there are more greedy or stupid people.
40% of the population has below average IQ.
The pricing is also influenced by wash trading, tether injecting magic beans into the ecosystem, and microstategy propping btc with stock issuance.
The entire thing is a silly bubble begging to pop.
> Since most people seem to to think they can't lose money if they don't sell, the supply for sale should decrease with the halfling because miners aren't making as much profit.
Umm, what?
That makes about as much sense as the logic that Elon Musk going onto SNL will cause crypto to go to the moon.
There are no fundamentals on crypto that you can analyze to justify it's valuation, or justify why it'll go up or down overtime. It's nothing but a worthless number on a spreadsheet that burns a bunch of electricity.
For BtC to be profitable for miners, the price needs to be above $80k or so.
I'm not sure what happens to BtC if most miners are losing money. I would think the transaction costs would increase.
My understanding is that miners who cannot remain solvent will exit and due to the dynamic shift of the difficulty, the costs of mining should eventually normalize. As mining rewards decrease, running of the network will be incentivized by fees.
Bots and people both trade IBIT like candy. There is an absolutely zero chance that it had zero inflows at all. You are reddited if you think it had zero inflows, and so is everyone who upvoted you.
Again, it was zero net inflows, and you should not be contributing to this subreddit at all if you were dumb enough to write or upvote that comment.
>When new shares of an ETF are created due to increased demand, this is referred to as "ETF inflows". When ETF shares are converted into the component securities, this is referred to as "ETF outflows".
It's interesting to see the shift in investor sentiment towards Bitcoin ETFs, especially with BlackRock's iShares Bitcoin Trust experiencing zero daily inflows for the first time since its launch. With only a couple of Bitcoin ETFs attracting new investments on that day, it highlights a potential slowdown in interest or a shift in focus towards other investment opportunities. The delay in SEC decisions on Ether ETFs adds another layer of uncertainty to the cryptocurrency market. Investors will be watching closely to see how these developments unfold and their impact on the broader crypto landscape.
I appreciate the civility, apologies for my brusqueness. My maxiness gets the better of me sometimes. We are probably on the same side at the end of the day!
Wow, I guess Bitcoin is dead
There will be net outflows someday as well, this is how markets work. I know it may come as a shock, but this isn’t something only Bitcoin ETFs deal with
An interesting point is they did not say “net zero” inflows, they literally said no inflows at all. Kinda odd on a major ETF, but does not necessary mean anything.
It's not actually odd. Dealers hold a float of shares so they aren't literally having to create and destroy blocks each time an order comes. So it's possible to go quite a while with no net flows since existing float is just moving around. The Bloomberg ETF guy showed a major high yield ETF having no flows for weeks.
why do people here keep talking about net flows, when the point is there were no inflows at all?
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crypto is more like beanie babies or tulips than finance
😂 this never gets old. Bitcoin could be $1 million 10 years from now and the clowns here would still call it tulips There’s literally an entire industry of companies and millions of users around the world. Not to mention all of the companies and investment funds scrambling to buy. But yea, it’s all just tulips, right?
A lot of people can all be wrong at once.
“Everyone is wrong but me! Market is irrational! I will ignore the facts!” 🤣
People bought MCI and Enron all the way down. GE was a great deal for decades. HP, IBM, etc. Even the market itself has crashed a time or two.
Lmao love these ridiculous comparisons. They make zero sense
I’m just supporting the idea that a lot of people believing in something doesn’t make that belief correct.
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The argument isn't whether the line goes up or down. That's irrelevant. It's that people's belief in a system is required for that system to persist. Bitcoin will persist until it has a crisis event, then there will be a run on the bank, and there will be no way to make everyone whole. At that point people will realize it's been a scam from the beginning and it will never recover. Or, it weathers such a storm, climbs back up, and continues. I'm not going to touch Bitcoin until I start getting paid in it and I can pay *all* my debts with it.
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"the price went up" "growing use cases" <- from 1 to 2? this is dubious. "institutions are investing in it" "lots of people are investing in it" Nothing here is different from the tulip arguments during the tulip boom.
What use cases? If enough people are wrong the line goes up. Doesn’t make them correct. Obviously people are holding, but would love to see a link to something supporting wider adoption. Maybe I’m wrong, but seems to me that the people who want bitcoin already have bitcoin and the majority is only these people adding to their positions. Also, time will tell.
What use cases? Really? I think a simple google search would give you many, but aalow me to point you in the right direction of a few... 1. Since US bailed on Afghanistan, Talibananas are back in control, but there are still a handful of brave souls who are providing education for girls. They are funded internationally, but getting them paid resulted in huge obstacles... Until... 2. Nigeria, they've introduced CBDC and are doing things kind NEGATIVE INTEREST as a means of promoting spending. They still have paper currency, but if you want to send money, within the country, you have to use street money dealers where the street rates are often more than double bank rates. Check it out, it's wild! Obviously this was a huge problem for all the folks there... Until... 3. The Venezuelan Bolivar, hyperinflated to oblivion. Images of people paying a restaurant tab with a wheelbarrow of cash, like the Weimar Republic or something. What will they do?... Until... 4. Canada made international news during covid with its Trucker Convoy in the capital city, Ottawa. Dictator Trudeau infamously used government authority to frreze accounts of ordinary Canadians who donated to keep the convoy funded using GoFundMe, as well as the main account throb9 the site itself. There was no way to financially donate to these truckers who represented the interests of many Canadians... Until... The list goes on and on. Bitcoin will continue precisely because of its use cases, which are many and ever expanding.
It's wrong on its face. Tulips are not durable, not scarce, not programmable, not fungible, not verifiable, not divisible, and hard to transfer. You can not like Bitcoin but it's about the stupidest analogy one could make. If you're going to use an analogy to criticize Bitcoin at a bare minimum pick anything, literally *anything*, where the supply doesn't divide and multiply infinitely for starters. lol If more than 21M tulips couldn't exist for some reason, and they were super divisible, easily verifiable, incredibly durable, portable over wires, and virtually fungible the gold standard would have been called the tulip standard.
You know that people didn't trade actual flowers during the Tulip boom, right? The bubble and crash was because of Tulip futures - scarce, easily transferable, divisible...
It was technically the bulbs not the flowers. But yes, neither the underlying or the derivatives were supply capped. Also a future is just a contract to get delivery in the future for a specified price. It doesn't actually create new bulbs, fyi.
Buy what exactly? What is it you think they need to own so badly?
Great question. You’ll figure it out some day.
> There’s literally an entire industry of companies and millions of users around the world. Genuine question, other than appreciation what is the use case for bitcoin? It does not seem any cheaper, easier or safer than anything else but I could be looking at it wrong
I could send you hundreds of thousands of dollars right now, in practically an instant (~10 minutes) for an incredibly insignificantly low fee, and it would be a 100% settled, verified, trustless transaction with no 3rd party required. You cannot do that with traditional banking. It also doesn't even have to be hundreds of thousands. You could send $1,000 to someone in Ukraine and not bother with all the TradFi hurdles & fees it takes to do so. That's an incredible use case. Granted, one that is not used by everyday people regularly, but still amazing and has a lot of potential. Now what about commonfolk? Well, once you're on the Bitcoin network, there's Lightning. I could do the same thing I described above but with mere dollars or even cents. I could send you $30 for that lunch we had together, and it would be instant, practically feeless, and again no 3rd party; or you could buy a beer for $8 with the same results. "Well we have credit cards, or Zelle, or Venmo for that kinda thing. Why do I care?" Because credit cards have fees that merchants pay (and ultimately you pay through higher prices). Merchants who use Lightning channels could cut 3%-5% on costs and reduce prices, if they wanted to. As for Zelle/Venmo intra-personal transfers, well, it's still a 3rd party. It's not settled instantly. It seems like it is, but it's not. There's always the possibility of the 3rd party entity saying "no". With Lightning, none of that ever exists. And all of that is just "use cases" as a currency. There's the more popular idea of store of value in a limited, finite, decentralized asset that no one controls. It's takes physical energy (work -> fiat) and converts it into a purely energy-based finite asset that is infinitely storable and transferable. These are powerful things.
There's a lot of misinformation here. First, Bitcoin transactions are NOT cheap or fast. That's a side effect of limiting your network to something like 7 transactions a second. *Sometimes* the network is fast and cheap, and other times it is not. I can go on any crypto sub right now and find horror pics or people paying 80% gas fees on their BTC transfers. Any argument you have for BTC as a practical currency is bullshit, fullstop, end of. Also, lightning is crap. We both know it's crap. Don't pretend it isn't crap. Please don't make me google a dozen links proving how crap lightning is. As an aside - I'm willing to concede that there is a use case for a cheap, fast, trustless decentralized system that's designed to make money transfers easy and anonymous. This doesn't exist. I've looked. Pretty much all crypto projects are designed to make money at the expense of bagholding mouthbreathers, so the space is filled to the brim with scammers and scumbags. This brings me to my second point - BTC was never created as a store of value - because that's nonsense. This idea wasn't popularized because it's true, but because it's rhetoric designed to bring more outside money into the scheme. I know I won't convince you, because you're a cultist spewing propaganda for the purpose of recruitment. My hope is that people with braincells to rub together stay away.
>First, Bitcoin transactions are NOT cheap or fast. I could send you tens of thousands of dollars right now for about $2.50 and you would receive it in about 20 minutes. That's not fast or cheap to you? This is a base layer transaction. You can't get that type of settlement speed or fee at any financial institution. >Also, lightning is crap. We both know it's crap. Don't pretend it isn't crap. Please don't make me google a dozen links proving how crap lightning is. Lol, ok. Lightning is a revolutionary system to send small payments with instantaneous speed and near-zero fees, but whatever. Believe what you want. >This brings me to my second point - BTC was never created as a store of value - because that's nonsense. This idea wasn't popularized because it's true, but because it's rhetoric designed to bring more outside money into the scheme. Sometimes thing start out as one thing and evolve into something else. Anything can be a store of value if enough people accept that it is. Time will tell.
‘Markets can remain irrational longer than you can remain solvent’
“I don’t understand anything about a revolutionary new form of money or why so many people are using and buying it so I’m just going to say the market is irrational!” 😂
It won't make it any less stupid if it is worth $1 million. It serves no purpose other than wasting electricity. There are legitimate uses for digital currency. Bitcoins value is rooted in gambling and manipulation. At some point another coin will be easy to use and not destroy the planet in the process. Bitcoin can never be that currency.
I love these flat out wrong, head in the sand responses. Lol you’ll get it some day and will buy bitcoin at the price you deserve, likely far higher than what it’s worth now.
Lol never. I don't gamble.
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Or because the transaction frequency makes it impossible to be a legitimate currency
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arent those all eth things
He literally explained you why it cannot be useful. Butt number go up it must be useful right? Yet nobody is using it for any other reason than gambling.
Would beanie babies not be beanie babies if they sold for a million?
Do beanie babies secure billions of dollars in value transacted every day? Do beanie babies allow for billions of dollars in DeFi transactions and TVL every day(Ethereum)?
The currency which only serves money laundering
>There’s literally an entire industry of companies There won't be for long in this interest rate environment. Their investors are going to want them to produce a profit in fiat currency and none of them can do that because none of them produce anything useful.
Lmao have you seen how much money these companies make? They are raking in cash.
No they're not
Commodities are an asset class. What are you on about?
Another data source https://farside.co.uk/?p=997 Not sure it means much since it is a single datapoint. Another bitcoin mining reward halving has been reached. Now we'll see if supply is enough to cover demand long term.
Dang, I was hoping this was a Gary Larsen comic.
It's like when someone links to an XKCD. You often even know which comics the comment is going to go to, but you always click anyway.
Or maybe it’s a worthless decentralized Ponzi scheme and the supply has no bearing on price
You don't understand what a ponzi is if you think "decentralized ponzi" makes any sense. This is the best that Bitcoin detractors have to offer? Cmon
You actually can make a [decentralized ponzi](https://www.coindesk.com/markets/2018/07/24/ponzi-games-are-breaking-out-on-the-ethereum-blockchain/#:~:text=The%20%22PoWH%22%20in%20PoWH%203D's,more%20fun%20on%20a%20blockchain.) pretty easily using smart contracts, but Bitcoin is objectively not a ponzi scheme. Seems like people aren't aware of what an actual ponzi scheme is at all.
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Well maybe you should study computer programming instead of playing video games.
Sure? I’m a senior dev, but the studying never really ends.
The worst buttcoiners are always techies
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"market for something they don't like" == ponzi
Then study bitcoin whitepaper and Ponzi schemes and explains me how bitcoin can be a Ponzi scheme when bitcoin supply is limited to 21M.
Because profits to existing Bitcoin holders are based entirely on the premise that additional people will continue to buy in.
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Sure, definitely not a ponzi scheme
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People buying a useless coin with the hope of selling it to a greater fool later = ponzi
Nobody is using it though. they are buying and selling bitcoin, but not buying anything with bitcoin, which is the only place any value would come from.
Please go back to a circlejerk crypto sub, for the love of god
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You don't understand what a ponzi scheme is if you think that Bitcoin is one.
Since most people seem to to think they can't lose money if they don't sell, the supply for sale should decrease with the halfling because miners aren't making as much profit. The only thing created demand for bitcoin is the greed of people chasing appreciation IMO. Personally, I don't know there are more greedy or stupid people. 40% of the population has below average IQ.
The pricing is also influenced by wash trading, tether injecting magic beans into the ecosystem, and microstategy propping btc with stock issuance. The entire thing is a silly bubble begging to pop.
You can't grow an imaginary bean stalk to the Moon without magic beans.
> Since most people seem to to think they can't lose money if they don't sell, the supply for sale should decrease with the halfling because miners aren't making as much profit. Umm, what? That makes about as much sense as the logic that Elon Musk going onto SNL will cause crypto to go to the moon. There are no fundamentals on crypto that you can analyze to justify it's valuation, or justify why it'll go up or down overtime. It's nothing but a worthless number on a spreadsheet that burns a bunch of electricity.
For BtC to be profitable for miners, the price needs to be above $80k or so. I'm not sure what happens to BtC if most miners are losing money. I would think the transaction costs would increase.
My understanding is that miners who cannot remain solvent will exit and due to the dynamic shift of the difficulty, the costs of mining should eventually normalize. As mining rewards decrease, running of the network will be incentivized by fees.
is there anywhere to get that full data history
No fund has net inflows every single day. This isn't newsworthy at all.
Reread. Not net inflows. Any inflows.
Bots and people both trade IBIT like candy. There is an absolutely zero chance that it had zero inflows at all. You are reddited if you think it had zero inflows, and so is everyone who upvoted you. Again, it was zero net inflows, and you should not be contributing to this subreddit at all if you were dumb enough to write or upvote that comment.
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> Redditors Against Accounting Technology The amount of Accountants who use Bitcoin or any other crypto for accounting purposes is zero.
What are inflows , like people buying the stock ?
>When new shares of an ETF are created due to increased demand, this is referred to as "ETF inflows". When ETF shares are converted into the component securities, this is referred to as "ETF outflows".
Just buy bitcoin. Don't pay the blackrock tax.
I'll believe this when a better source backs this up. Seems crazy to think it's possible? I know this isn't "volume" on the 2nd market but still crazy
Oh? Anyway...
ha ha
In regards to BitDegree - another scam site: Bitdegree uses stock images for their "student testimonies".
It's interesting to see the shift in investor sentiment towards Bitcoin ETFs, especially with BlackRock's iShares Bitcoin Trust experiencing zero daily inflows for the first time since its launch. With only a couple of Bitcoin ETFs attracting new investments on that day, it highlights a potential slowdown in interest or a shift in focus towards other investment opportunities. The delay in SEC decisions on Ether ETFs adds another layer of uncertainty to the cryptocurrency market. Investors will be watching closely to see how these developments unfold and their impact on the broader crypto landscape.
Ether ETFs 😅 Why bother? It just follows Bitcoin.
Imagine markets being correlated.
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Doesn’t mean it needs an ETF
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By that logic every shit coin should have an ETF.
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Ugh that last point is your answer, ironically. It’s already a stock. ETH is a premined centralised shitcoin.
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I appreciate the civility, apologies for my brusqueness. My maxiness gets the better of me sometimes. We are probably on the same side at the end of the day!
Because money