GBTC has a mini trust fund with lower fees to allow GBTC share holders to keep their funds in GBTC with lower fees and tax free. This would mean less BTC flowing out of GBTC into other ETFs and therefore decreasing the available supply of BTC for ETFs to hoover up.
Limited (even further so than now) supply asset with large amounts of demand from ETFs (approx 3500 BTC a day according to Samson Mow) could mean a large large increase in BTC price. $100K before halving? More?
Its really fun to think of the size of the demand from ETFs and retail as well as other institutions, companies and countries coming on board and the limited supply. Not to mention the halvening coming in April 2024.
Gonna fun to watch! Steady lads!
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