It’s because few would buy a share if it were priced at the bitcoin price of $43k.
And it were say 1/1000th of the bitcoin price, the correlation would eventually diverge because of the management fee.
It’s the same as GLD or SPY. Those ETFs are not priced at exactly the same level as gold or the S&P 500.
nobody /
npub1ul…uyt0r
2024-01-12 20:58:56
in reply to nevent1q…wtc8
Author Public Key
npub1ul45aruuhu09e5nts8mn49wsvhu58q8qmpvyyvpa0qhuvljehnys4uyt0rPublished at
2024-01-12 20:58:56Event JSON
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"content": "It’s because few would buy a share if it were priced at the bitcoin price of $43k. \nAnd it were say 1/1000th of the bitcoin price, the correlation would eventually diverge because of the management fee. \n\nIt’s the same as GLD or SPY. Those ETFs are not priced at exactly the same level as gold or the S\u0026P 500.",
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