Row 80284

Row ID: 80284 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 80284 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

It is not easy for ETF issuers to manipulate the market due to the incentive structure.

There are multiple Bitcoin ETFs within the US. So if BlackRock tries to manipulate, people will just move to another ETF issuer. The ETF flows and addresses are being constantly monitored by the people and firms within the Bitcoin community, so it will be hard to manipulate.

Now that Hong Kong ETFs are in, there is an incentive for the US ETFs to keep up. If they try to issue paper BTC, the true asset will go to other countries (I believe the Hong Kong ETF allows for Bitcoin <-> ETF interchangeability; I might be wrong). Unlike gold, the transportation of Bitcoin is easy globally. So if one country manipulates, other countries will scoop up the Bitcoin. More countries will catch up and issue their ETFs in the future.

If the ETF whales were to dump the market and try to manipulate it, the underlying asset would simply go to the retail investors since it is easy to buy Bitcoin.

As people start becoming comfortable with Bitcoin, the ETF issuers will have a hard time retaining customers. That is because, the customers can easily decide to buy the underlying asset and keep it in self-custody, instead of paying fees on the ETFs. This will make the ETF issuers work for the customers instead of them trying to manipulate.

With that being said, I still think that it is better to be paranoid and prepared instead of trusting the ETF institutions. Stay humble and stack sats - and don't forget to self-custody!

FieldValue
text It is not easy for ETF issuers to manipulate the market due to the incentive structure. There are multiple Bitcoin ETFs within the US. So if BlackRock tries to manipulate, people will just move to another ETF issuer. The ETF flows and addresses are being constantly monitored by the people and firms within the Bitcoin community, so it will be hard to manipulate. Now that Hong Kong ETFs are in, there is an incentive for the US ETFs to keep up. If they try to issue paper BTC, the true asset will …
label r/bitcoin
dataType comment
communityName r/Bitcoin
datetime 2024-05-24
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url_encoded Z0FBQUFBQm5Lak8yV05XSGVPUS1ud1ljUlZTVXA1UGJTLU4yWFZibzB0NExjbFRFN0ZxTnh6ZUNON1RUazNFTDlaZTJlakRtLXVRX3YxeVdQV3VnOGM5ai1GT0p1TFVJYWZHN3VMOVE0X2dPbUxmOFpsZU8xMkl5SF9OYmhya2lkTWZXN1ZKekVmbmpIUVBld3NWMWJta3hHZmxyS1hwTzlHMHBMQ18yaXNFcXNWMGg0RTR0UmhlN01ReVFvNWd5WUZzejRRVURlYi1PMkxwXzBLSG1HcVR6U1BfM3dwdjFKQT09

Raw Record

{
  "text": "It is not easy for ETF issuers to manipulate the market due to the incentive structure.\n\nThere are multiple Bitcoin ETFs within the US. So if BlackRock tries to manipulate, people will just move to another ETF issuer. The ETF flows and addresses are being constantly monitored by the people and firms within the Bitcoin community, so it will be hard to manipulate.\n\nNow that Hong Kong ETFs are in, there is an incentive for the US ETFs to keep up. If they try to issue paper BTC, the true asset will go to other countries (I believe the Hong Kong ETF allows for Bitcoin <-> ETF interchangeability; I might be wrong). Unlike gold, the transportation of Bitcoin is easy globally. So if one country manipulates, other countries will scoop up the Bitcoin. More countries will catch up and issue their ETFs in the future. \n\nIf the ETF whales were to dump the market and try to manipulate it, the underlying asset would simply go to the retail investors since it is easy to buy Bitcoin.\n\nAs people start becoming comfortable with Bitcoin, the ETF issuers will have a hard time retaining customers. That is because, the customers can easily decide to buy the underlying asset and keep it in self-custody, instead of paying fees on the ETFs. This will make the ETF issuers work for the customers instead of them trying to manipulate.\n\nWith that being said, I still think that it is better to be paranoid and prepared instead of trusting the ETF institutions. Stay humble and stack sats - and don't forget to self-custody!",
  "label": "r/bitcoin",
  "dataType": "comment",
  "communityName": "r/Bitcoin",
  "datetime": "2024-05-24",
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}
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