RE:RE:RE:World’s first bitcoin ETF for retail investors approvedMoogul I aggree with you 100%.
The premium and discounts in the closed end funds are a function of supply and demand overreaching, based on the direction/hype of the coin causing euphoria or fear.
Traders love it, a trade within the trade.
As the open ended ETFs come on line they should keep the closed end versions more honest moving forward.
However, if the closed end funds don't adjust their costs, why buy or hold when there is a more stable/true low cost option available?
The open ended ETFs will have some small trading biases throughout the trading day but the APs will use the creation funds to keep things tight to NAV and for the most part they will be insignificant.
GLTA