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0 sats \ 2 replies \ @Bell_curve 25 Feb 2024 \ parent \ on: US ETFs have 3.75% of BTC supply. charts_and_numbers

Will gbtc go to zero?

I bet it stops around 200k

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0 sats \ 1 reply \ @JuanMiguel 25 Feb 2024

No pointing holding gbtc, fees are huge

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10 sats \ 0 replies \ @TwoLargePizzas 25 Feb 2024

It's not just about fees. There's also liquidity and taxes.

Besides, there's nothing stopping GBTC from lowering their fees to remain competitive. The reason they haven't is because they're taking the bet some people will stay.

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