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New milestone: ProShares Bitcoin ETF goes public tomorrow on the New York Stock Exchange

New milestone: ProShares Bitcoin ETF goes public tomorrow on the New York Stock Exchange



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4 Comments

  1. Instead of putting money into a retirement fund which then buys shares of another fund which *claims* to buy bitcoins, but is likely doing a rehypothecation scam…

    …individuals should **buy actual Bitcoins** (not alt-coins, GBTC, ETFs, paypal, robinhood, etc), then send their Bitcoins to their own (hardware) wallets.

    “*Not your keys, not your Bitcoins*.” — Antonopoulos

    Stop applauding the Wall St. criminals.

  2. Milestone??? Sorry. But that’s bullshit!

    **Segwit was a milestone. Lightning was a milestone. Taproot in November will be a milestone.**

    But this?? Sorry, no.

    **These future ETFs are an absolute shitshow**. SEC knows if they approved an *asset-backed quality bitcoin etf*, bitcoin would soar like hell bringing bitcoin to $200k-$400k in a matter of weeks.

    And as you can certainly imagine there are some reasons this is not wanted:

    **1) Banksters haven’t yet accumulated enough**

    **2) Too many unknown whales outthere**

    **3) Way too many retail investors with way too much wealth in the end.**

    The products getting approval now **have nothing to do with actual bitcoins**. On top they come with heavy [downsides](https://www.reddit.com/r/Bitcoin/comments/q4hpcy/z/hg0jm11) I strongly recommend to look into. In fact to me it’s quite obvious. Their sole purpose of being created and sold is keeping the crowd as far as possible away from **the actual investment of the millennium, Bitcoin itself**. And while everybody institutional is busy overcoming the remaining hurdles and getting into this derivate shit for their average Joe customers, in the background the privileged quietly and secretly keep stacking actual Bitcoin for highly undervalued prices. Until their greed is satisfied (which will never be) and the future etf bubble of hope pops as well, revealing bitcoins true price in some years. Which will be a lot higher then they’ll in between pretend it to be.

    This is why I won’t stop calling them out. They won’t get away with this. They won’t fool millions of people out of real bitcoin into some cowshitvalued investment piece of crap. Remember my words. Fiat money’s time is running out. And all of these fraudy banksters will fuckin go down with it. Remember my words.

    *People don’t be stupid! Keep stacking real bitcoins. And hodl. Sure, they’ll fight us…but in the end we’ll win*

  3. tldr; ProShares, a US provider of investment products on the stock market, will launch a Bitcoin futures-based exchange-traded fund (ETF) on the New York Stock Exchange on Tuesday. This will be the first fund of its kind, linked to cryptocurrency, to be listed on a US market. The fund is linked to Bitcoin futures traded on the Chicago Mercantile Exchange and will bet on the price fluctuations of Bitcoin.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

What do you think?

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