How close will the share price of the Fidelity exchange-traded-fund FBTC track to the price of BTC?
Today FBTC is about $100/Share and BTC is about $115,000, so 1,150 shares of FBTC equals the price of 1BTC. Do you think this 1150:1 ratio will deviate much going-forward?
I would think the only deviation would be due to the management fee, otherwise they won’t last long as there is plenty of competition. I’m sure Blackrock will be able to keep their fund tracking as it should. I also think it is probably only a matter of time before some company figures out how to offer a Bitcoin “wormhole” type investment for Wall Street to offer Bitcoin with 0% management fee.