Yeah I mean I didn't want to convolute the issue by mentioning the cap on the rake.
2% is a lot more than I assumed it would be.
Perhaps my quarter of a percent example was super lowballed.
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Yeah I mean I didn't want to convolute the issue by mentioning the cap on the rake.
2% is a lot more than I assumed it would be.
Perhaps my quarter of a percent example was super lowballed.
It might not be lowballed. GBTC’s is relatively high since they currently has relatively little competition (OBTC and a few others). High as 2% might seem, it didn’t much bother me when I took a position in it. If the underlying asset has a track record of 100% a year returns, only making 98% doesn’t seem too shabby.