Thread - Nostr Hypermedia

If Saylor dumps his bitcoin? I don’t know if you’re joking, or just offering an improbable hypothetical but regardless… 1) He has never given any indication of selling, let alone dumping 2) ETF’s wouldn’t be “crushed” if the price dropped due to selling pressure. It doesn’t work like that. They earn fees on order flow.

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BeesKnees 1 year ago

Completely hypothetical. 1) Agree 2) I think you have this backwards. ETFs aren’t making money on order flows. MMs and APs are paid for sourcing liquidity (e.g. bitcoin) for the ETFs, and then the ETF issues make their money on fees charged to the underlying holders. Less holders = less fees. At least that’s how I understand it - happy to be corrected if I have this wrong.

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