The potential approval of bitcoin-based ETFs is commonly considered as a positive thing but what about the “naked short selling” phenomenon?

 

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Now one can only short sell after depositing bitcoins. On Wall Street, however, mostly anything can be shorted on a promise to deliver securities later… in some cases, never. One would argue that shorts are good for true price discovery. This may not apply here. Wouldn't shorts by large opportunistic players depress the price of this comparatively small instrument?

submitted by /u/Alex_Kontegna
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247 Bitcoin

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247 Bitcoin -1 Bitcoins -247 BTC - 1 Crypto - Kryptous

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