yes, at some point the 15% cap gains would make sense to pay to move over to a lower fee, but that's still 10 years of 1.5% fees. So if they keep it in there for 5 years, they would pay 1.5% plus 15% which would not make sense if they convert to a lower fee etf. So they must be planning to sell out of Bitcoin ETFs entirely within the next couple years

if this theory is right and GBTC fee doesn't drop, that means everyone holding GBTC plans to sell as the price goes to a level that they think is a peak?