Institutions already have "real" ETFs, just not in the US, other countries. Plus they can always buy holdings in MicroStrategy, and some other mining companies as proxies for BTC.
Of course, they can always appoint someone they trust, probably a small group in their company, to go directly buy BTC from the exchanges. They can buy from Gemini and Coinbase, those are US based too. That small group can then set up a multi-sig wallet or vault and have proper procedures for self-custody. 3-of-5 or even 3-of-7 multisig and each one has a backup appointed, so no 2 people can just steal it and those can all be tracked and whatnot..
Although with corporations that aren't very high tech or people who don't understand the tech as well as we do, it is still possible they get compromised, but this is unlikely.
They can also get service from unchained capital or casa or one of the other multi-sig providers.
BTC = BTC no matter where you buy it.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4983. (Read 26607966 times)
August 05, 2021, 09:54:24 AM
August 05, 2021, 09:04:06 AM
At one point he commented, “[Bitcoin] has been and could continue to be a catalyst for change in the fields of finance and money.”
Elsewhere, Gensler issued new remarks that shed light on how the SEC may act on the many exchange-traded fund (ETF) proposals now up for review by the agency, signaling that those based on Bitcoin futures may have the highest chance of approval.
“Given these important protections, I look forward to the staff’s review of such filings, particularly if those are limited to these CME-traded bitcoin futures,” he said.
Elsewhere, Gensler issued new remarks that shed light on how the SEC may act on the many exchange-traded fund (ETF) proposals now up for review by the agency, signaling that those based on Bitcoin futures may have the highest chance of approval.
“Given these important protections, I look forward to the staff’s review of such filings, particularly if those are limited to these CME-traded bitcoin futures,” he said.
... this figures, the only ETF to get approval will be based on fiat cash-settled futures trading only. This way they can keep manipulating btc price and price expectations without risking value escaping the fiat pyramid scheme with runaway retail demand for exposure to btc upside, i.e. a btc-backed ETF.
Yes, that's probably correct. As far my understanding of an ETF goes, if it is based on the spot market, then it is like buying the underlying asset and keeping it on behalf of the ETF holder. But if it is based on a derivate market then the ETF holder is allowing the company to make long/short positions insted of him doing so in CME. So IMO an ETF based on a derivate market is a nonsense. The thing is that SEC trusts regulated exchanges like CME and they don't trust fully Coinbase, not to mention Binance and the asian exchanges. We've seen plenty attempts of whales to manipulate the market in the past indeed. But the funny thing is that nowadays only CME companies have the resources to manipulate the market and they are doing it constantly unfortunately. SEC created so many rules, and yet just under their nose Maydoff developed a huge ponzi stealing $50 bil from almost all banks and Wall Street companies. The average Joes who trusted their brokers/funds, etc., were called by the phone one day that all their money has gone, because their fund invested everything in the company of the creator of Nasdaq - Maydoff. Is this custormers protection and KYC what looks like? Nothing has changed since then! But surely, some shadowy coders and money launderers are manipulating the price which is formed on the biggest exchange Binance with daily Bitcoin trading volume $2-16 bil. Only Wall Street companies can do that and there is a lot of proof they are doing it using exactly CME. Ironic, isn't it?
Anyway, after approving CME's ETF, the next step should be approving Grayscale's ETF. If SEC want to be overly cautious, let them take one step at a time. The truth is the institutions will find one way or another to get real Bitcoins, so an ETF is more like "buy the rumour sell the news" kinda thing. The latter it comes, the better. I wouldn't mind if SEC will change their mind when the price is >10x from now. This will give us more time to accumulate at the current extremely low prices, thanks to CME manipulators.
I suppose that there is quite a bit of truth in what you seem to be suggesting regarding the seemingly double standards in what might be considered as various kinds of ETF set ups that tend to be more tolerant for financial (ETF) instruments that are complicated as fuck rather than straight forward, and I suppose various status quo institutions and players want to be able to see if they are going to be able to use such financial ETF instruments to manipulate BTC to their advantage rather than attempting to be more reflective of straight forward spot BTC values - and sure if any BTC instrument, such as an ETF is allowed to be settled in anything other than BTC, then by nature it is allowing the creation of new bitcoin (bitcoin vouchers or whatever you might want to call them), and surely many of us bitcoin supporting peeps are hoping that these kinds of guys get reckt as fuck when the leverage down BIGGEDly in these various kinds of financial instruments that are settled in non-BTC assets/cash.
We'll see what happens, and none of us should be surprised that there continue to be a lot of creative ways to attack bitcoin, and in the end, are those attacks going to be successful or just cause more friendly jurisdictions to take some of the bitcoin business and presumably benefit from the jurisdictional arbitrage - still watching how places like El Salvador is fairing in terms of building bitcoin infrastructure and if such bitcoin infrastructure will remain friendly, and surely ONLY some larger jurisdictions are going to be capable of taking some of the financial instruments market - and presumably Canada is advantaging somewhat from their involvement in bitcoin ETFs... even though we likely appreciate that some BIGGER financial players that are in the USA are not able to use financial instrument products outside of the USA.
August 05, 2021, 09:01:26 AM
August 05, 2021, 08:54:07 AM
Is this what the bears only can do?
Lol there running out of btc?
Soon moon and beyond
Lol there running out of btc?
Soon moon and beyond
August 05, 2021, 08:46:11 AM
well played...meh...another day another battle
dyor
stronghands
dyor
stronghands
August 05, 2021, 08:43:10 AM
Zakynthos!
edit:
Code:
https://www.google.com/maps/@37.7994416,20.9022346,3a,75y,168.38h,84.22t/data=!3m6!1e1!3m4!1sWxacvl6tftFlCyIKJCstJA!2e0!7i13312!8i6656?hl=en-US
Correct
Gonna need to merit later though
I’m at my maximum of 50 merits in 30 days for you
You don't have to give me any more merits! You already gave me more than enough for guessing Greece
I always enjoy the "where's El duderino_?" challenges.
August 05, 2021, 08:31:55 AM
Zakynthos!
edit:
Code:
https://www.google.com/maps/@37.7994416,20.9022346,3a,75y,168.38h,84.22t/data=!3m6!1e1!3m4!1sWxacvl6tftFlCyIKJCstJA!2e0!7i13312!8i6656?hl=en-US
Correct
Gonna need to merit later though
I’m at my maximum of 50 merits in 30 days for you
August 05, 2021, 08:30:04 AM
FUCK !
https://www.google.com/maps/@37.8003438,20.9026674,3a,49.9y,124.24h,87.15t/data=!3m6!1e1!3m4!1sphAXURjVmH_aSt9HSxiX7w!2e0!7i13312!8i6656?hl=en-US
And here is the Boat... time passed so they remodeled it xD
Wow homer you are really good at this
https://www.google.com/maps/@37.8003438,20.9026674,3a,49.9y,124.24h,87.15t/data=!3m6!1e1!3m4!1sphAXURjVmH_aSt9HSxiX7w!2e0!7i13312!8i6656?hl=en-US
And here is the Boat... time passed so they remodeled it xD
Wow homer you are really good at this
August 05, 2021, 08:24:19 AM
Zakynthos!
edit:
Code:
https://www.google.com/maps/@37.7994416,20.9022346,3a,75y,168.38h,84.22t/data=!3m6!1e1!3m4!1sWxacvl6tftFlCyIKJCstJA!2e0!7i13312!8i6656?hl=en-US
August 05, 2021, 08:11:04 AM
August 05, 2021, 08:01:33 AM
August 05, 2021, 07:44:34 AM
url online
A maybe difficult update
Scooter cruising and just made a passing by picture….
Again, damn xhomerx was fast with Greece already
Intentionally obscure photos, but judging by the sea in the background, the landscape, and color of the villas, would that be Corfu?
August 05, 2021, 07:01:35 AM
August 05, 2021, 06:44:30 AM
Kefalonia ?
August 05, 2021, 06:40:58 AM
@mikealfred
If you can't imagine the euphoria you'll feel at $100,000, you don't own enough #Bitcoin
https://twitter.com/mikealfred/status/1422987613581897733?s=21
@whale_alert
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 1,000,000,000 #USDT (1,000,000,000 USD) transferred from unknown wallet to #Binance
https://whale-alert.io/transaction/ethereum/486e4f00dd8dc37e1e17c6fa2b8f005cc86e4051e370559dc358f7b3b1f0cfaf
https://twitter.com/whale_alert/status/1423241178095435776?s=21
If you can't imagine the euphoria you'll feel at $100,000, you don't own enough #Bitcoin
https://twitter.com/mikealfred/status/1422987613581897733?s=21
@whale_alert
🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 1,000,000,000 #USDT (1,000,000,000 USD) transferred from unknown wallet to #Binance
https://whale-alert.io/transaction/ethereum/486e4f00dd8dc37e1e17c6fa2b8f005cc86e4051e370559dc358f7b3b1f0cfaf
https://twitter.com/whale_alert/status/1423241178095435776?s=21
August 05, 2021, 06:14:20 AM
Small game …. Arrived at my holiday destination …. First to guess where I’m at land and village
I will release more pics on daily base ….
Was this Drama - Δράμα ?
August 05, 2021, 06:01:27 AM
August 05, 2021, 05:43:29 AM
Why Dont you give us a Hint 
South, West, North or East of Greece ?
South, West, North or East of Greece
? 
August 05, 2021, 05:37:01 AM
Small game …. Arrived at my holiday destination …. First to guess where I’m at land and village
I will release more pics on daily base ….
Atleast not in Europe ore America continent. You made this post at 06:42:21, it must be late evening ore night in Asia.
Bali Indonesia?
Have a nice holiday.
I only respond when it’s correct
There will be a reward for who is able of finding and putting effort in the search
I recognize the yellow thistle and the green foxtail which we have around here as well. Their native habitat is Eurasia. The other weed looks like Cleavers (hitchhikers) which grows pretty much everywhere but I'm confused by the juxtaposition of the weeds and the upscale restaurant (I'm basing this on the table setting). Based on the timing of your dinner post and the lack of sunlight it looks like you might have gone one or two time zones west. I think you're in Greece.
Land already correct
Amazing fast homer
Now where in Greece
Thermopylae?
August 05, 2021, 05:25:13 AM
yep xhomerx hardcore skills
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