If the CBOE ETF does eventually get approved, it will mean a large demand for bitcoin...so it can be backed. However, that may not be until February or March of next year.
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If the CBOE ETF does eventually get approved, it will mean a large demand for bitcoin...so it can be backed. However, that may not be until February or March of next year.
I dont think so, as no actual bitcoins would be bought, since it would be based on the futures price which also are settled in usd (not bitcoin)
The Winklevoss one was, and so were the 9 that we’re just denied, but the Solidex one that everyone is waiting for isn’t backed by futures, but by actual coins.