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2023-12-14 14:58:48

Finance News - Telegram Channel (RSS Feed) on Nostr: **🖼 Bloomberg ETF Analyst: New ETF shares equal new BTC buy orders Bloomberg ETF ...

**🖼 Bloomberg ETF Analyst: New ETF shares equal new BTC buy orders Bloomberg ETF analyst Eric Balchunas responded on social media about the "differen...**

**Bloomberg ETF Analyst: New ETF shares equal new BTC buy orders**

Bloomberg ETF analyst Eric Balchunas responded on social media about the "difference between Bitcoin spot ETFs created by physical or cash" and said that when there is excess demand for Bitcoin ETFs, intermediaries (APs) will need to create new ETF shares, and they Cash can be provided to the ETF issuer in exchange for new shares (the issuer then purchases BTC after receiving it), or BTC can be provided to the issuer in exchange for shares. Either way, new ETF shares equal new BTC buy orders. #Blockchain (https://t.me/Crypto_Blockchain_Coin_Stock_New/4742?q=%23Blockchain)@money (https://t.me/money)

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https://t.me/Crypto_Blockchain_Coin_Stock_New/4742
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