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Because there is demand, and they earn fees from managing the ETF with zero exposure to the underlying crypto asset. They might charge 1% per year to manage the
by quickthrowman 3y ago
Because there is demand, and they earn fees from managing the ETF with zero exposure to the underlying crypto asset. They might charge 1% per year to manage the ETF which might cost them 50% of that 1%, then the rest is profit.
It’s as simple as that, they aren’t taking a directional position, they’re managing a fund and collecting fees.
- _5uxp 3y ago"they aren’t taking a directional position yet" Fixed it for you. What exactly making it accesible to trillion $ capital is going to lead? lower price for decades? stable price for fixed supply asset? Just think :)
- quickthrowman 3y agoHeadline from today: > SEC says Bitcoin ETF filings are inadequate Sorry for your loss
- deleted 3y ago[deleted]