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Yep, but it probably won't even have to do that... if it just keeps drifting higher and others feel like they are missing out by not getting some exposure.

The level of FOMO that gets triggered by this next bull run will be the real all-time-highs.
I already feel bad for the people who buy in at the next peak.
I've been predicting for years we'll get a real ETF just in time for the market to crash into the dirt.
Just like CME futures got their just in time to fleece everyone.

Yep, I am sure they were also pumping the market in order to get their shorts started as high as possible once they launched.