if a share holder has enough shares to equal a basket, then they can make a request to close the basket and take ownership of the coins of that basket. but a share holder with less shares cant just ask for X amount of btc equivelent to less than a basket
1. why would the etf provider allow this to happen?
2. why would a shareholder who wants to own BTC do it this way and not just buy BTC straight into their wallet? Do you imply that there will not be available BTC outside of the ETFs? How so? All of us who own BTC are still here and nobody can take it away from us.