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Caitlin is wrong about the treasury companies. Many of the "financial engineering" accounting techniques that are being deployed could be considered rehypothecation.
You (as an investor) think the bitcoin is owned by the company, but someone still has the rights to call it back

24.7. klo 04.10
NEW: Caitlin Long speaks on ETFs and paper Bitcoin rehypothecation.
"If you rehypothecate Bitcoin, all you're doing is recreating the problems of the existing system."
One such example (of many) $FLD:
"In an unconventional move, the investment was secured with 500 bitcoin as collateral, which will be the sole recourse for the note"

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