News Summary

• “Just like that, ARK is now the second biggest holder of BITO, although again this is a temporary parking spot,” he said before adding that institutions generally use highly liquidity ETFs for transitions like this.In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting..
• Exchange-traded fund (ETF) analysts have dispelled rumors that spot Bitcoin funds will be backed by ‘paper Bitcoin’ or fractional reserves..
• Probably the worst thing that could happen and may result in endless price suppression.”Other comments have suggested that they could be fractional reserve backed..
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