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In The Media

Naked Shorting Bitcoin Right After ETF Approval

by Larry Chiang on October 13, 2023

There are two ways to look at ETFs:
1. It’s great because it’ll get a lot more institutional investors into Bitcoin.
2. It’s terrible because it’ll allow for naked shorting, which in turn will mean lots of paper Bitcoin.
Personally, I think both are overblown, but I can’t wait for the day when there’s a run on ETF redemptions and all the naked shorters get rekt.

 
 
Jimmy Song (송재준)
⁦‪@jimmysong‬⁩
There are two ways to look at ETFs:

1. It’s great because it’ll get a lot more institutional investors into Bitcoin.
2. It’s terrible because it’ll allow for naked shorting, which in turn will mean lots of paper Bitcoin.

Personally, I think both are overblown, but I can’t wait…

 
10/13/23, 5:23 PM
 
 

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