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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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