no worries, ive been getting those kind of basic questions for about that long too, and then someone dey advanced level of thinking. again, good luck and lets hope u dont get stuck in the wrong crypto for a good part of the next 30. i should have listened to the pros, before during and after the first couple market dumps starting in 1987, I would be retired like them and never needed to ask anything of markets again. dey all gone
So roughly BTC performance minus management fee, correct?
Accept your understanding of contango is flawed, it has to do with futures, since IBIT is based on BTC, and BTC is a futures commodity on CME, there is no direct correlation of price movement between BTC and IBIT because of that unknown in futures markets, its complicated, not simple, too many shares, not enough shares, not enough buys too many buys. its an ETF, simply put, a indirect investment device. actually any source other than crypto news or ETF tracker is the best way to understand them. i love this one, cause to does include the hype involved, cause people dont really understand them.
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