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MicroStrategy's Michael Saylor on gold, Ordinals and Bitcoin ETFs

The Scoop

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The Spot ETF: A Legitimate Asset for Institutional Investors

Instead of 81%, you've got 61% year to date. So they're achieving that coverage via trading on the CME using futures. You certainly can't take a 10% a year hit, right? Trying to do it with futures. And if you can't hold the asset, the issue with buying the asset is not just the tax issue or the charter issue but then you've got to go through the custody issue.

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