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RE: Random market thoughts and some updates
I just wonder how ETFs are going to handle the price difference between exchanges.. There is no single price for bitcoin, if you look on different exchanges they are all off by a few dollars to a few hundred dollars. My understanding is the ETF got denied because of no single price ticker can be accurate right now.
We see this alot on altcoin markets, prices can differ alot across exchanges.
For physically backed ETFs, I think the fund managers will be buying from a few major exchanges to even out the prices. I am not very sure about that, but certainly, there will be ways. And you are right, the prices across different exchanges can be very different. I believe there are trading bots out there that are constantly trying to capture these arbitrage opportunities.
@culgin
They probably will, like the top 5 exchanges. But the SEC denied the ETF in the US on that premise.