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re: Official CryptoTalk Thread
Posted on 4/2/24 at 4:48 pm to 98eagle
Posted on 4/2/24 at 4:48 pm to 98eagle
As far as I can find out FBTC is a trust that tracks an index. But it does hold BTC. 4868.9895 BTC. Looking briefly it looks like they own stock in exchanges as well, and possibly, not sure, indirectly hold BTC this way. It's leveraged, so by definition it's subject to decay. It's not a note, so no note counter party risk. I don't know enough about exchange traded trusts to know if they would have counter party risk. If it is a true trust, taxation is going to be interesting.
Posted on 4/2/24 at 4:53 pm to Iowa Golfer
BTFX owns futures, so would be subject to continual rolling of forward contracts. Forward contracts might not be correct, I'd need to think through that, as well as contango and backwardation.
I didn't take the time to find out if it is a rust, note or what exactly it is.
It's leveraged, so subject to deterioration, as well as futures risk as noted above.
I didn't take the time to find out if it is a rust, note or what exactly it is.
It's leveraged, so subject to deterioration, as well as futures risk as noted above.
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