You are viewing a single comment's thread from:
RE: Bitcoin trading above $6000 in the US!
Great info, do you know if the ETF has to buy real Bitcoins for every ETF share out there?
Great info, do you know if the ETF has to buy real Bitcoins for every ETF share out there?
Yes, an ETF is a fund that owns the underlying assets and gives out shares that gives indirect access to these assets to its investors. In this particular case due to fees etc. taken by the issuer, the fund held 0.09258535 BTC per share as of July 31st 2017