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| My understanding is that FBTC is SUPPOSE to buy 1 bitcoin for every 1 bitcoin that is represented in the fund.
With bitcoin this will be much easier to track in theory but history shows if wallstreet can get away with playing games they will. So it really depends how much government and there investors hold the ETFS feet to the fire. Basically they follow the iron rule of it is in are self interest and we can get away with it we will do it. Overall I would not want to discourage someone from investing in a bitcoin ETF but with past ETFS paper allocation seems to be a issue so it is something to at least watch out for.
Another option for tracking the price of bitcoin is owning MicroStrategy stock. It basically acts like a leveraged bitcoin ETF since the whole point of the company is to use its business profits to buy BTC and hold it. They currently own 190,000 Bitcoin. | |
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Fidelity Wise Origin Bitcoin Fund ? FBTC
