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. 🦧
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