Grayscale Bitcoin Trust (GBTC)

[Monksdream]

Chuckle..
The ETF business is almost as bad as the SPAC business.
I don't have any links to articles written by responsible financial journalists about the ETF business. The gist of what I have read exposes them for the scams that they are. They are created, for the most part, so the managers of these hybrid securities can collect management fees. One of my favorite stories is about a group of scammers who created an ETF to track so called "meme stocks." The scammers identified 25 meme stocks like AMC Entertainment Holdings and Gamestop. The ETF is close to going kaput, as have many others in the past few years. When the ETF goes kaput, the remaining assets in the fund are returned to investors. The scammers then move on to invent another ETF with another angle they dangle to investors with the basic pitch being one that says they can make more money and secure a larger retirement nest egg compared to making regular contributions from their income into a Vanguard index mutual fund that tracks the performance of the S&P 500.

NOVA, the excellent PBS program, recently aired an episode about cryptocurrency. I viewed it online. The online version also included a transcript. I found this observation by one of the crypto experts interesting.

I look at cryptocurrencies as being the very early days of a better technology. I think, in the, in the language of tech, we are using the alpha rollout, the earliest, jankiest, least-figured-out version of something.