Five Degrees of Separation

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On Tuesday, after ten years of effort by all kinds of organizations, the very first Bitcoin ETF will start trading (symbol: BITO).

In anticipation of this momentous occasion, let us take just a moment and consider that:

  • There is going to be an exchange traded fund……….
    • which trades as an equity…….
      • that is based on a futures contract…………
        • that is based on a cryptocurrency….
          • which is nothing but 1s and 0s.

I think if we add just more one section to that multi-layer cake, by way of creating options for BITO (and you just know they will!) then our heads will all collectively explode at just how bananas everything has become.