I mentioned Crocodile only because it's one of the other cheapies I noticed on the list when I looked last week - if the regular AP redemption was behind GBGLF declines, we should see similar declines with Croc as it's relatively low priced (not .015 but not 3 or 4 bucks either). I'm thinking they absolutely must have an alternative arrangement for shuttling positions out of the fund...but I think you are definitely on to something that it's still done through APs perhaps.
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