Bitwise (BITB)
ARK Invest/21Shares (ARKB)
Invesco Galaxy Bitcoin ETF (BTCO)
iShares Bitcoin Trust (IBIT)
VanEck Bitcoin Trust (HODL)
Franklin Bitcoin ETF (EZBC)
Fidelity Wise Origin Bitcoin Trust (FBTC)
WisdomTree Bitcoin Trust (BTCW)
Valkyrie Bitcoin Fund (BRRR)
Hashdex Bitcoin Futures ETF (DEFI)
Grayscale Bitcoin Trust (GBTC)
for bitcoin to move up or down $1000 a day has a variance: call me when we're outlying
That fake news cleaned up a lot of leveraged bets up and down.
It makes sense if you figure that the ETF is probably just another FTX-like scam (except now by competitors of FTX who are even better at regulatory capture).
All it means is that you now have a security that tracks Bitcoin's price, but is probably backed by very little actual Bitcoin.
TLDR: money is going to flow out of real Bitcoin and into this fake Bitcoin ETF causing the price of real Bitcoin to go down eventually. That's without even considering insane possibilities of naked shorting by a certain owner of a certain large hedge fund that is co-owner/founder of this ETF and also owner of the US's largest market maker.
Most of these old ones seem to be listed in Germany and Paris.
I guess in the end they are all fully dependent on Coinbase.