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Bitcoin ETF & Coin Supply
So I have a question If I buy say for easy math 1 BTC worth of an ETF in USD Now the ETF company has to buy and hold 1 BTC for me So when I buy BTC ETF am I (and everyone else using etf) lowering the total supply of BTC Sorry if this is a dumb question , just trying to clarify because it’s much simpler for me in my situation to use ETF submitted by /u/SStacks22 [link] [comments]
So I have a question
If I buy say for easy math
1 BTC worth of an ETF in USD
Now the ETF company has to buy and hold 1 BTC for me
So when I buy BTC ETF am I (and everyone else using etf) lowering the total supply of BTC
Sorry if this is a dumb question , just trying to clarify because it’s much simpler for me in my situation to use ETF
[link] [comments]
