The COMEX is collapsing, the silver is being pulled out and the ETF of digital illusion are the newest sucker game in town. So you think you will own Bitcoin if you buy a ETF, (exchange traded fund). Really, you can't hold it, you can't see it, is it real or just a con game for the suckers. How many people bought into the COMEX fraud of silver leverage at 100 to 1 and that is suppose to be a real thing. Now the digital sucker game begins as the SEC approved the Bitcoin ETF a while back and soon other digital ETF's will follow and the investors who purchase into this sucker game will own nothing and be happy.
"How Are ETFs Created?
(In the typical creation of an ETF, a sponsoring ETF issuer enlists the help of an Authorized Participant (AP), which may be a broker-dealer or large financial institution. The AP will buy all the securities in the benchmark index. In exchange, the issuer gives the AP a block of equally valued ETF shares, called creation units, which commonly come in blocks of 50,000.
In different words, it is the AP’s job to acquire the securities that the ETF issuer wants to hold. For example, if an ETF is designed to track the performance of the S&P 500 index, the AP will buy shares of all the S&P 500 constituents in the same weights as the index.
The entire creation/redemption mechanism is a key aspect in understanding how ETFs gain exposure to the market, and it is this process that allows ETFs to be less expensive, more transparent, and more tax-efficient than mutual funds. )" link to article below.
So its all a shell game to control the market. Why has Bitcoin shot up in price? The shell game has begun. Notice the article says "buy all the securities" in the index as possible, so when it comes to Bitcoin and other crypto ETF's will bring the suckers.
Now the SEC has created a Bitcoin SPOT Exchange.UM. First gold and silver and now people are demanding delivery and the product is running out. So the SEC approved Bitcoin ETF. My, oh my.