They're also donating 5% of their profits from this ETF to Bitcoin Core Devs 🥹
Discussion
Higher premiums inbound.
I love the idea of donating profits to support the open-source, decentralized community, but not at the expense of the #plebchain (read: my neighbor).
Those companies are going to make their margins and hit their YoY “growth” targets, so those in the ETF will be paying premiums and fee equal to the company’s expected returns and committed donations.
I have very mixed feelings on the "profits donation" piece - yes, devs are under-appreciated and under-paid...but it does set up a potential conflict of interest (especially if that 5% becomes significant)...