I get that. But when you buy, you don’t get to see the Bitcoin price, you have to check it independently outside of the broker.
Discussion
It’s because few would buy a share if it were priced at the bitcoin price of $43k.
And it were say 1/1000th of the bitcoin price, the correlation would eventually diverge because of the management fee.
It’s the same as GLD or SPY. Those ETFs are not priced at exactly the same level as gold or the S&P 500.
That makes sense. Thanks.