Would $GBTC be negatively affected when BTC ETF's come out?
GBTC's 2% fee is high, but it's the easiest way to buy Bitcoin. Wouldn't a BTC ETF with a lower fee cause an exodus (i.e. price drop) out of $GBTC into a BTC ETF with a lower fee?
I want to protect my downside risk and not sure if this is a risk worth I should be factoring in.