I can't say for certain but on Twitter there are lots of accounts that follow the daily flows and they report down to the last Bitcoin how much is bought and sold. As far as I know only one ETF publishes their address so anyone can see how much Bitcoin they hold so that should provide some proof but I have no idea about all the others. Here is an example of one of those posts.
how exactly does it work as compared to STOCK ETF? Buying ETF on exchange does not create new units, just changes hand , Creating new units and increasing AUM means ETF after getting the new money commitment has to go and purchase new Bitcoins, correct
Yes, that's the way the system is supposed to work. https://www.nasdaq.com/articles/bit...n-sachs-and-others-as-authorized-participants Stock ETFs use an in-kind model where the authorized participants deliver the underlying assets to allow the ETFs to issue new shares. https://finance.yahoo.com/news/hidden-winners-behind-bitcoin-etfs-111500475.html But the bitcoin ETFs use a cash model to allow a more diverse set of authorized participants.
I follow that one too. It tells you how much BTC the funds bought/sold but it doesn’t tell how much BTC is held per share. I’ve never analyzed stocks in depth so I don’t know how to find out on a daily basis how much money is flowing into an ETF and then compare it to the actual spot BTC purchases. I don’t know if that info would be useful but it would be interesting to see it plotted on a chart.
https://finance.yahoo.com/news/tether-acquires-100-million-stake-134748656.html Tether Acquires $100 Million Stake in US-Listed Bitcoin Miner Bitdeer
the entire space is a fraud, what do you think these ETFs were made for you to make money on or for the issuers to capitalize on the naive sheep? The ponzi scheme is running on fumes. Collapse might be even closer than we think. It's painfully obvious sell-off is just around the corner. The only hope there is they urgently approve the ETH etf, run ethereum to new yearly highs above $4000, and then the rug gets pulled. Stocks might have topped as well. Things could get real ugly real quick.
A collapse of crypto is unfortunately going to affect other financial markets even though many in the REAL financial market have nothing to do with this " fluff"
Given so much passion, he must either have a position or be so concerned about innocent people getting screwed. If it is the latter, I wonder when he will understand that the real enemy is The Government, Government Spending, and the Federal Reserve. If he was well informed, can he really conclude that Tether and Bitcoin failing is good for the average person? Does he really think the best solution is to not have fiat challenged and allow the government to be 100% in control of the spending? Does he not even realize that this same fiat printing is what is responsible for millions of lives being killed by the American war machine? The only way to be well versed in all these subjects and conclude that there is nothing wrong with the current system means you are completely complicit in all of these crimes against both US citizens and innocent people all around the world.