Does it doe?
Is that what the market needs: paper bitcoins?
As Lexi wrote on this post; I thought ETFs were for holding impractical assets, like oil, metals, and the like. (Basically just banks doing what they do with their financial instruments).
What is easier to hold than Bitcoin? In terms of actual investment to hold it safely and have access to it at a moment's notice.
Like 100 dollar investment and a 4 hour crash-course?
It's practically on a par with giving a 13 year old a leather wallet and telling him to always keep it in a front-pocket and make sure he checks whenever he's leaving a place if he has his wallet on him.
Like you said Lexi, this will suppress price as capital will not be flowing into the underlying, but into the coffers of hedge fund managers and other ETF traders.
After Paper Gold, we now present to you Paper Digital Gold I mean Bitcoin
RE: Chicago Exchange (CBOE) Recommends Allowing Bitcoin ETF To SEC