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"the new fund, which is being packaged by a firm called ProShares, won't give you shares backed by Bitcoin, but shares tied a bundle of contracts to buy Bitcoin in the future." This is made for professionals and doesn't protect retail at all.
People, hold your keys directly!
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RT @jeffjohnroberts
Do you know how contango and backwardation work? If not, stay the hell away from the new Bitcoin ETF.
In a misguided bid to "protect…
https://twitter.com/jeffjohnroberts/status/1450102665099292677