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8r0ck3feller | 10 months ago (raw) | root | parent | reply | flag +2 
 Higher fees relative to the other ETFs is one reason
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DickWhitman | 10 months ago (raw) | root | parent | reply | flag 
 Why don’t they make their fees competitive
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Zach⚡️ | 10 months ago (raw) | root | parent | reply | flag 
 Because they don’t have to be competitive, they have a 600,000ish Bitcoin head start

They are trying to capitalize on their enormous market share right now, since it’s a given that most coins will eventually leave them anyway (they are a horribly run business)
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8r0ck3feller | 10 months ago (raw) | root | parent | reply | flag 
 Because 2% on an asset that’s growing 50%+ isn’t a huge deal. Also, if you sell you pay capital gains…so the more sophisticated GBTC holder is sitting there not wanting to cash out because It is a taxable event.