27 sats \ 4 replies \ @DiedOnTitan 12 Mar \ on: Van Eck Shatters Daily Inflow Records After Waiving Bitcoin ETF Fees charts_and_numbers
It's great that Van Eck has become a philanthropic organization. \s
They have to make money somehow. If they are not rehypothecating then maybe they are making a bid/ask spread?
they make money in future years.
this campaign is designed to get money flowing in, and the assumption is that bitcoin will grow in value so much that by the end of the year nobody will want to switch to a different ETF provider because they’d have such high taxes to pay on capital gains.
at that point, customers are locked in and are willing to pay higher management fees.
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So they get people in and then rug them with fees? Loss-leading, basically? Lame. But predictable, I guess.
Makes sense. This is another good argument for why one should not buy the ETF over holding keys oneself.
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