Monty Python Royal Society For Putting Things On Top of Other Things

I think these folks must share a building with The Royal Society for Putting Things on Top of Other Things. [VIDEO]

The name reminds me of the Monty Python sketch - The Royal Society of Putting Things on Top of Other Things! [VIDEO]

> putting things inside of things Were you thinking of this Monty Python skit when you wrote that? [VIDEO]

>"The historic approval paves the way for the first regulated exchange-traded product in the U.S. to give investors direct exposure to the price of Bitcoin without requiring them to buy it or worry about self-custody. Investors will buy shares in ETFs holding Bitcoin as its underlying asset ." Interesting! Looks like we've paved the way for yet another abstracted financial instrument -- which sits on top of yet another abstracted financial instrument ... My only question, at this point in time, were I to have one, would be something like the following: What's the maximum levels of financial abstraction -- that can be stacked on top of one another? ? ??? Related: [LINK] [LINK] [LINK] [LINK] [LINK] [VIDEO]