Very interesting article, I have a question: the SEC has endorsed ETFs as long as they have an underlying, if more than the mined BTC have been traded what do they use as a backup?
Are we sure that then it doesn't happen like algorithmic stablecoins? Earth/Moon was the example of this....
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Thanks Eros for your comment and question.
It's true. Selling more Bitcoin than the mined ones can be a temporary scenario that can change in the coming future.
Anyway, when the underlying asset would become lower than the volume of ETF available, well, that can become something close to CFDs