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