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<blockquote data-quote="Over70irregs" data-source="post: 5762261" data-attributes="member: 59424"><p>It would be foolish to apply for an ETF without having the asset. If they bought right out it would push the market. Makes no sense to apply then get the asset. That would be dumb. They use third party custody for securitization. I hope they don’t buy, but we know they already have. They ARE stacking a limited asset. By the time people realize it WILL run away from them. </p><p></p><p>(Interesting)</p><p>“The average fee levied on U.S. ETFs currently hovers around 0.54%, but Ark's proposed fee of 0.80% is significantly lower than the 2% that Grayscale currently charges investors on its spot bitcoin trust. It's also slightly lower than the fees some issuers levy on cryptocurrency ETFs tied to futures contracts. The ProShares Bitcoin Strategy ETF , for example, carries a 0.95% fee.”</p></blockquote><p></p>
[QUOTE="Over70irregs, post: 5762261, member: 59424"] It would be foolish to apply for an ETF without having the asset. If they bought right out it would push the market. Makes no sense to apply then get the asset. That would be dumb. They use third party custody for securitization. I hope they don’t buy, but we know they already have. They ARE stacking a limited asset. By the time people realize it WILL run away from them. (Interesting) “The average fee levied on U.S. ETFs currently hovers around 0.54%, but Ark's proposed fee of 0.80% is significantly lower than the 2% that Grayscale currently charges investors on its spot bitcoin trust. It's also slightly lower than the fees some issuers levy on cryptocurrency ETFs tied to futures contracts. The ProShares Bitcoin Strategy ETF , for example, carries a 0.95% fee.” [/QUOTE]
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