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APs are responsible for creating and dissolving trust shares in order to keep the share price close to asset value. The shares are traded on an open market, mea
by foobarqux 12y ago
APs are responsible for creating and dissolving trust shares in order to keep the share price close to asset value. The shares are traded on an open market, meaning retail investors can trade them. What retail investors can't do is take a bunch of BTC, give it to the trust and get USD back, or vice versa.
- DrStalker 12y agoSo the 50,000 "basket" relates to buying and selling bitcoins with the trust, not for end users buying shares in the ETF?
- justincormack 12y agoYes, thats how ETFs work, splitting retail and wholesale trades out.