The Importance of Authorized Participants (APs) plays a crucial role. They help maintain the liquidity of the ETF and ensure that the prices of ETF shares correspond to the price of Bitcoin. And, for clarity, this applies to both upward and downward movements. 18/18 end
Let's clarify how a potential spot #Bitcoin ETF might work. Lately, there have been reports on social media suggesting that #BlackRock is buying in advance and somehow magically causing the price to drop. Even David Copperfield looks with amazement. 1/18
Step 3 - Trading on the Exchange: These ETF shares can then be bought and sold by investors on an exchange, similar to how you trade regular stocks. >17/18