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ThurberMingus  ·  843 days ago  ·  link  ·    ·  parent  ·  post: Bitcoin hits 3-year peak, nears record high on U.S. ETF approval talk

The way I understand it, there is no technical issue.

I don't think it will be a particularly great breakthrough though, and it would cause plenty of chaos in the short term.

The second paragraph has a brief description of roles of the ETF distributor and approved participants in ETF share creation.

My thinking is that (A) Bitcoin is extremely volatile, partiallybecause it has a large number of inexperienced/uninformed people trading it, (B) volatility makes it riskier for the authorized participants to convert BTC to and from new ETF shares. So they need a larger discrepancy between BTC and the ETF to pay for the risk (C) bigger discrepancy reduces liquidity and also stirs up the crazies, both of which feed back into (A).