GREAT RIP!
Something I’ve been trying to wrap my head around is how would the ETF maintain NAV and/or BTC per Share given the volatility of BTC price and the less than transparent mechanisms availa...
hard to get into all the details of the NAV and ETF mechanics here but i agree with your sentiment in general that bitcoiners should be skeptical and we need more transparency. that's the reason bitwise shared our bitcoin holding addresses (the only bitcoin ETF to do so) and we also work with hoseki to do proof of reserves.