They charge a 2% fee per year. The way it works is that every year each share represents 2% less of the underlying crypto.Even if institutional investors realize this and decide to massively dump their shares, Grayscale has no reason to dump their crypto regardless of the share price.Out of all multi billion dollar industries, hodling crypto is one of the least cost intensive. They don’t build anything physical. They don’t develop software like a tech company. They hold crypto.0.9835 = 0.5, so in 35 years Grayscale will own half the crypto they manage. Hopefully this post is long enough to not get auto filtered as spam.
Submitted December 10, 2020 at 09:00AM
No comments:
Post a Comment