Does anyone care to explain or know how these ETF's work?
Do they hold indefinitely?
Do they sell at x y Z % profit?
Do they sell when the clients(boomers) say sell?
Or is the fund manager in control?
Do they actively trade too?
Thanks,
There is a very good explanation in this long twitter thread:
https://twitter.com/teddyfuse/status/1763577899506921632Chief Executive Officer
Grayscale Investments
CEOI MEMBER SINCE 2021
Michael Sonnenshein is CEO of Grayscale Investments, the worlds largest digital currency asset manager. Under his leadership, the firm has grown to be the definitive leader in crypto investing, offering a wide range of investments, including single-asset and diversified products. Mr. Sonnenshein is regularly featured on CNBC and Bloomberg, and was honored in 2021 as one of 100 People Transforming Business by Business Insider and in 2018 as the publications Rising Stars of Wall Street. He serves as a member of the Grayscale board of directors, CME Group Bitcoin Futures Council, and NYU Blockchain Association.
Before joining Grayscale, Mr. Sonnenshein was a financial adviser at JP Morgan Securities, covering HNW individuals and institutions, and an analyst at Barclays Wealth, providing coverage to middle‐market hedge funds and institutions. He earned his BBA from the Goizueta Business School at Emory University and his MBA from the Stern School of Business at New York University.
In summary absolute corrupt filth.