Whoever doesnt have the Bitcoin would be exposed. Proof of keys day everyone pull btc from etfs on same day. See who is naked.
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I see this constantly on my brokerage account (tastytrade). They sell Bitcoin and you can drain it right off your account into your own wallet. But Bitcoin disappears occasionally .. because they're honest. They don't have any left !
Then when the price drops .. Bitcoin reappears in the menu list.
I put $50 on there a year ago just for fun. I think I'm up 200% or something. LOL.