11 Bitcoin ETFs to trade from today

[GlobalMacro90]

if somehow the coins in the etf disappear (which seems extremely improbable) Why ? many people have lost crypto due to such fraud ! The ETF has to first convert real money in to Crypto via some exchange would they not? and what if after doing that the exchanges goes belly up? so the ETF may not have bad intentions but the unregulated exchanges of this funny money might!

No. The etf might buy the bitcoin in an exchange, but it doesn’t hold it on an exchange. Aka if the exchange goes bankrupt it doesn’t lose all the coins.

 

[traderjo]

No. The etf might buy the bitcoin in an exchange, but it doesn’t hold it on an exchange. Aka if the exchange goes bankrupt it doesn’t lose all the coins.

You can't say there is no risk at all
There is a time diff between paying FIAT real money to exchange and buying crypto on Exchange, exchange could go burst also how many of these exchanges are regulated in USA ,,

 

[GlobalMacro90]

You can't say there is no risk at all
There is a time diff between paying FIAT real money to exchange and buying crypto on Exchange, exchange could go burst also how many of these exchanges are regulated in USA ,,

what?

I never said there was no risk. In fact In my previous post, I explicitly said I am not saying there is no risk lol.

what I am saying is the bitcoin in the spot bitcoin ETFs are not held with an exchange. They are held with the custodian even if it’s the same name as the exchange it is a different corporate entity. That’s all I’m saying.

 

[traderjo]

if first step for these ETFs is to purchase the crypto from exchange could go burst before the custody goes to custodian
and custodian and exchange same name is not a risk issue? ownership will be same !

 

[GlobalMacro90]

I feel like you read nothing that I write. I never said no risk, I said less risk. Good god

 

[traderjo]

I did red what you wrote How is it less risk, the exchanges like Bitmex turned out to be non regulated, Bianance got fined 4 billion and FTX we know all what happened there
Now compare that to mainstream exchanges like CME/ CBOE/ LSE. SGX, ASX German Exchange traded product ! this is my point + custodian + exchange owned by same entity! OMG

 

[GlobalMacro90]

Custodians are subject to different rules and laws then exchanges, and being a creditor of a failed custodian is much different then being one of an exchange.