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?
It will never deviate much like the USDT sometimes deviates from 1:1
Its trades daily in terms of the exact %'s. So whether you buy 1 share at $100 or $100 worth of bitcoin, it will have the exact same value. Only thing to consider is the fee that they charge but its extremely small and wont be seen in the daily charts.
There are bots which provide liquidity and the market makers or fund management has some agreement to deploy capital (or crypto) if the price starts to deviate too far from its true value.