Thanks for this detailed post. I understand ETFs a lot better now. Well, from what I understand here, the two ETFs launched in America do not have a direct impact on Bitcoin. They are hedged to future contracts (which is a gamble of some sort).
Anyways, I agree that this is a step in the right direction for bitcoin. More exposure for bitcoin, more exposure for other crypto projects.
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Thank you for your reply. I'm happy it made you help understanding ETFs better.
Isn't anything related to crypto a bit of a gamble?
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well, true that. But I think the next phase of development in the cryptosphere will be more about substance than speculations. We are slowly getting there (I think)
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