zax_cloud on Nostr: Devils advocate: Why is a Bitcoin ETF more desirable than say, WBTC or RenBTC (answer ...
Devils advocate: Why is a Bitcoin ETF more desirable than say, WBTC or RenBTC (answer obvious on 2nd, but let’s assume it worked today. lol. [That rascal SBF really fsu])?
Both tokens had a trusted or semi-trusted redemption in-kind process, central exchange, Dex and hybrid compat. Composability. There were even interesting financial products attempting to extract yield algorithmically. ETF has one of this, except fiat cash redemption.
I remember when the eth jokers were saying eventually people would be all be trading BTC through erc-20 because economics of tx. Now we are talking about moving sats via liquid.
We really are all absurd
Both tokens had a trusted or semi-trusted redemption in-kind process, central exchange, Dex and hybrid compat. Composability. There were even interesting financial products attempting to extract yield algorithmically. ETF has one of this, except fiat cash redemption.
I remember when the eth jokers were saying eventually people would be all be trading BTC through erc-20 because economics of tx. Now we are talking about moving sats via liquid.
We really are all absurd