Sorry for being retarded, but could someone please explain to me the purpose of a "spot BTC ETF"? If it's meant to track the performance of BTC, already a singular commodity, why would you not just buy BTC itself? What is happening in this level of abstraction that is useful or desirable?

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Anonymous Wed Jul 5 20:35:27 2023 No.55476818 [Reply] [Original]

Sorry for being retarded, but could someone please explain to me the purpose of a "spot BTC ETF"? If it's meant to track the performance of BTC, already a singular commodity, why would you not just buy BTC itself? What is happening in this level of abstraction that is useful or desirable?

>>	Anonymous Wed Jul 5 20:41:38 2023 No.55476859 >>55476818 >why would you not just buy BTC itself? Its for institutional investors

>>	Anonymous Thu Jul 6 01:07:15 2023 No.55478540 Bompa >>55476859 >Its for institutional investors Institutions can't trade and hold BTC?

>>	Anonymous Thu Jul 6 01:10:41 2023 No.55478559 More BTC positions than actual circulating supply. Ease of management. Maybe different tax rules.

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