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259 sats \ 3 replies \ @kr OP 12 Mar freebie \ parent \ on: Van Eck Shatters Daily Inflow Records After Waiving Bitcoin ETF Fees charts_and_numbers
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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164 sats \ 1 reply \ @elvismercury 12 Mar
So they get people in and then rug them with fees? Loss-leading, basically? Lame. But predictable, I guess.
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42 sats \ 0 replies \ @kr OP 12 Mar
yeah i see it as a loss-leader
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143 sats \ 0 replies \ @DiedOnTitan 12 Mar
Makes sense. This is another good argument for why one should not buy the ETF over holding keys oneself.
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