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Help me understand Bitcoin ETF and Bitcoin scarcity

Bitcoin Reddit

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Hey so obviously we’re all aware of this news.

I’m just wondering if organizations or whoever buy the ETF instead of the asset, does that not effect Bitcoin supply?

And if the supply is not affected by the ETF, wouldn’t any movement in price not be related to the etf approval and corps buying in?

Do I have this right?

Excuse my typos writing this quickly before a flight

submitted by /u/MiamiHeatAllDay
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