Coinbase Paper Bitcoin?

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In this video, I discuss the claims that US Bitcoin spot ETFs are not fully backed by real BTC held by their custodians.

Like the USD maintaining enough gold to fully back all issued US dollars in the early days of Bretton Woods, the spot Bitcoin ETFs are almost certainly fully backed today, though that may change in the future.

Not investment advice! Consult a financial advisor.

Tyler Durden started this thread:
https://x.com/TylerDurden/status/1835...

Responses:
https://x.com/DU09BTC/status/18351984...
https://x.com/brian_armstrong/status/...

IBIT:
https://www.ishares.com/us/products/3...
https://ycharts.com/companies/IBIT/to...

Number of Bitcoin held by US spot ETFs:
https://x.com/HODL15Capital/status/18...
https://x.com/HODL15Capital/status/18...

Bitwise discloses their BTC addresses on-chain:
https://www.nobsbitcoin.com/bitwise-b...
https://bitbetf.com/

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#Coinbase

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