Just capitulate already and lower the fees. We all know its going to happen 💁
Discussion
Grayscale could keep their fee at 1.5% and drain the fund down to 40k bitcoin and still make as much as Blackrock with 300k bitcoin!
The best kept secret of Tradfi, fees! Ask anyone about how much they’re paying in fees within their 401k. ZERO percent know the answer.
How close does it have to get to 40k though before they change their minds?
They probably won’t. Looks like they will apply for something else https://www.grayscale.com/blog/general-updates/what-is-grayscale-bitcoin-mini-trust