“It does not touch the Bitcoin.”

Yeah so now basically the market is cornered the same way gold is. This is why taking out Binance was key. No free markets.

The "price setting" mechanism will now be to buy this etf and sell cme futures and viola you make fiat. The next step for all this is people trying to take delivery of cme futures because that's the only way to acquire actual btc. Coinbase and other "spot" exchanges will disappear.

🤔 🧐 💯