4min chapter

Coin Stories with Natalie Brunell cover image

Michael Saylor: Spot Bitcoin ETFs, The Halving & Bitcoin's Next Bull Run

Coin Stories with Natalie Brunell

CHAPTER

The Cost of a Spot ETF

Futures are probably double the cost of the spot ETF. The big cost is you have a hundred million dollars invested and you lose 20% performance. Grayscale is it's a closed in trust, which means that they're unable to sell the Bitcoin to buy their own shares. And there's just a lot of uncertainty about how that gets cleared.

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