It's supposed to mimic the performances of the Bitcoin price, with a premium or not depending on the demand, and then arbitrage will be done by traders to match both prices. Basically you just buy a bunch of sats when you by a share, as I understand it. What is bothering you ?
So this guy thinks if you bought shares, you actually bought sats
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He bought paper
Now lol you seemed just confused of why a share of the ETF would trade at 21USD, so I tried to share my own understanding of how it works
Lets just stick to the real thing. 🫡🖖🏾🦾
