
Daz
684 posts







I don't know who needs to hear this, but apparently there are a lot of you on this app. Cash creation does not mean the fund won't hold spot #Bitcoin or that a Bitcoin ETF will be a fractional reserve product. Even in cash create/redeem -- the funds *WILL* hold spot Bitcoin.


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"We're trying to turn #Bitcoin into a global payment network. There's no universal protocol for money on the internet that enables value to be transported," says @lightspark CEO @davidmarcus. "Our view is $BTC is not the currency people will use to buy things."










