Post by
goldhenerybar on Oct 12, 2020 10:45pm
re gusto44
gusto44
for both gbtc and the all that is changing is the Annual Fee of 2% being paid by selling daily btc
https://grayscale.co/bitcoin-trust/
says on page 1/2 way down. Annual Fee 2%
info from there site.
oct 1 449765 btc held
oct 9 449568 btc held
a loss of 197 btc in 8 days , units held being 471022700 for the time period.
2% of 449765 (oct 1) would be 8,995.3 btc. annual.
on a daily basis it would be 8995.3 / 365= 24.64 daily
in 8 days 197 BTC (8995.3 / 365= 24.64) times 8 = 197 BTC
which is why the number of btc sold between the 2 dates oct 1 and oct 9