simondixontwitt on Nostr: The #ETF will be holding the coins in custody with @coinbase belonging to #ETF ...
The #ETF will be holding the coins in custody with @coinbase belonging to #ETF holders. They cannot legally use them to manipulate price. Futures are the tool for price manipulation usually, not a spot ETF.
Quoting @MethodLead:
Bitcoin question:
@SimonDixonTwitt
@Breedlove22
@balajis
@saylor, Grayscale, and soon Blackrock will own perhaps 20% of circulating supply (there’ll never be 21mill - too many lost).
Does this have an impact on decentralisation and does it infer a mechanism for manipulation? https://nitter.nostr.sc/saylor https://nitter.nostr.sc/coinbase https://nitter.nostr.sc/balajis
Quoting @MethodLead:
Bitcoin question:
@SimonDixonTwitt
@Breedlove22
@balajis
@saylor, Grayscale, and soon Blackrock will own perhaps 20% of circulating supply (there’ll never be 21mill - too many lost).
Does this have an impact on decentralisation and does it infer a mechanism for manipulation? https://nitter.nostr.sc/saylor https://nitter.nostr.sc/coinbase https://nitter.nostr.sc/balajis