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Re: atomichands post# 20797

Tuesday, 11/21/2023 9:13:34 AM

Tuesday, November 21, 2023 9:13:34 AM

Post# of 21238
I get the concept of swaps. Not holding the asset, directly, but holding the company that holds the asset...thus allowing them to be listed on a big board. Scary that if you buy MSOS you aren't owning the shares but the paper that says the entity owns the shares. I also hate the idea that the ETF is levered...in an industry that is out if touch by most institutional buyers. Makes for some crazy swings...to which MSOS does most of its buying/selling in the last 30mins of the trading day -- if not last 10mins. Good when times are good...tough when they aren't. Just dumbfounded on how the swap could be buying shares for a period of time but MSOS not divulge the ownership until yesterday, unless the swap operates independently of MSOS. They must collect shares with their own funds and then MSOS eventually pays/claims ownership? Which is kinda scary if you they are independently buying/selling, if you are an MSOS holder. I guess my assumption was always that the money put into action by the swap is really MSOS money and therefore reportable by MSOS at the time of purchase/sale.
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