It doesn't bypass the rule. It just creates an alternative american market for it.
You can still buy bitcoin following the rules of bitcoin if you chose so.
Its a totally different market though if you aren't buying actual bitcoin.
People can play around with derivatives all they want, there's nothing wrong with that. But to even call these a bitcoin ETF is disingenuous at best. All this is is a new fiat money with a "bitcoin" sticker slapped in the box.
People can play around with derivatives all they want, there's nothing wrong with that. But to even call these a bitcoin ETF is disingenuous at best. All this is is a new fiat money with a "bitcoin" sticker slapped in the box.