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The billionaire cited underperformance vs gold and broader disappointment with crypto's breakout apps (or lack thereof) as drivers.
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It is a low-cost Bitcoin ETF that currently holds $4.14 billion in net assets and charges a 0.15% fee.
The firm highlighted the sale to draw attention to potential risks and volatility associated with the seller's leveraged Bitcoin accumulation model.
At a 0.15% fee, it is among the lowest-cost options available compared to other funds like HODL or BRRR, which charge 0.25%.