Daniel Roberts, the co-CEO of Bitcoin mining company Iris Energy, has raised a “major issue” with the Spot Bitcoin ETFs. This, he believes, could lead to a “major problem” in the long run as these funds continue to gain interest from more investors.
What Is The Major Issue With Spot Bitcoin ETFs
Roberts raised concerns over Bitcoin’s limited supply in an X (formerly Twitter) post, something which he believes could be an issue with the Bitcoin ETFs. He noted how this class of ETFs happens to be the first with an underlying asset whose supply is capped at a particular amount. BTC’s maximum total supply is 21 million BTC, and no more can be mined after that.
According to Roberts, a major problem could arise when these ETFs buy the 30% of available Bitcoin or if those holders also refuse to sell. Usually, to create more shares in the ETF, the issuer will need to acquire more BTC and hold them as the underlying asset for the fund. As such, Roberts’ concern stems from wh
We współpracy z: https://bitcoinist.com/major-issue-spot-bitcoin-etfs/
