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Question about BTCC.B EFT

a few weeks ago this EFT lauched with a base price 10$ for one share. 1 share worth 15004 sats (0.00015004 BTC per share). My assumption was this is fixed forever.

Now on march 1st the ratio changed to 14976 sats/share, a decrease of 0.1866% if my math is correct. This happened only 2 weeks in.

the EFT has a 1% management fee. (per year?)

does this look legit?

im thinking fees at this point should be a pro rata of whatever 2 weeks in the year is, (2/52 x 1% = 0.038%).

I’m just an ape, someone enlighten me please. 🦧

[Purpose Bitcoin ETF | Cryptocurrency & Bitcoin | BTCC (purposeinvest.com)](https://www.purposeinvest.com/funds/purpose-bitcoin-etf)



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  1. Maybe they have not purchased enough BTC to cover the increase in shares. It’s diluted the ETF.

    Is there anything that says the BTC per share is fixed? GBTC has this language.

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