The job of an ETF is to maintain artificial control of the products in the ETF.
Due to rules involved in an ETF, ETFs are allowed to temporarily create shares/products out of thin air to help maintain the Net Asset Value of the ETF.
Examples are ETFs that had GME in them. The ETFs were used to temporarily create shares to maintain the ETF value. The temporary shares are then borrowed against (and then usually shorted).
Because of FINRA, if the borrowed share is not paid back, you generate an FTD (Failure to Deliver), but it's okay, you have T+35 days to pay the FTD back.
Oh, by the way, FINRA only releases FTD data twice a month.
Same with Commodity ETFs and futures. They create more paper commodities than actual exist to suppress the true price discovery of said commodity. Hence why Gold and Silver (and now soon to be Bitcoin) never moon when they are supposed to. So Blackrock's job will be to suppress the price of Bitcoin once they get enough of the coins to have the ETF.
Now the OP is claiming that getting used to digital currency has allowed (((them))) to release CBDCs. I would argue that they realized they are losing control of their money due to competing Digital Currencies and them bring out CBDCs is an act of desperation. Too bad (at least in the US) the constitution gets in the way of them since the US CBDC counts as currency and the constitution has to be amended to allow it. Good luck with getting a constitutional convention though.
The job of an ETF is to maintain artificial control of the products in the ETF.
Due to rules involved in an ETF, ETFs are allowed to temporarily create shares/products out of thin air to help maintain the Net Asset Value of the ETF.
Examples are ETFs that had GME in them. The ETFs were used to temporarily create shares to maintain the ETF value. The temporary shares are then borrowed against (and then usually shorted).
Because of FINRA, if the borrowed share is not paid back, you generate an FTD (Failure to Deliver), but it's okay, you have T+35 days to pay the FTD back.
Oh, by the way, FINRA only releases FTD data twice a month.
Same with Commodity ETFs and futures. They create more paper commodities than actual exist to suppress the true price discovery of said commodity. Hence why Gold and Silver (and now soon to be Bitcoin) never moon when they are supposed to. So Blackrock's job will be to suppress the price of Bitcoin once they get enough of the coins to have the ETF.
Now the OP is claiming that getting used to digital currency has allowed (((them))) to release CBDCs. I would argue that they realized they are losing control of their money due to competing Digital Currencies and them bring out CBDCs is an act of desperation. Too bad (at least in the US) the constitution gets in the way of them since the US CBDC counts as currency and the constitution has to be amended to allow it. Good luck with getting a constitutional convention though.