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trunkmonk

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trunkmonk

Re: squidster post# 47

Wednesday, 02/21/2024 4:09:10 PM

Wednesday, February 21, 2024 4:09:10 PM

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Accept your understanding of contango is flawed, it has to do with futures, since IBIT is based on BTC, and BTC is a futures commodity on CME, there is no direct correlation of price movement between BTC and IBIT because of that unknown in futures markets, its complicated, not simple, too many shares, not enough shares, not enough buys too many buys. its an ETF, simply put, a indirect investment device. actually any source other than crypto news or ETF tracker is the best way to understand them. i love this one, cause to does include the hype involved, cause people dont really understand them.

https://markets.businessinsider.com/news/currencies/ether-bitcoin-price-return-comparison-cryptocurrency-market-etf-hype-investors-2024-2
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