Oddbean new post about | logout
 Selling GBTC to buy the ETFs with cheaper fees? I dunno. 
 Why don’t they lower their fees to competitive ones & they don’t have to worry about exits 
 They aren’t worried about exits, they have 660,000 Bitcoin with tons of capital gains taxes due on them

They’ll probably be able to trap a lot of them with 1.5% fees for years