RE: Steaming still18 Jun 2025 19:24
"Yield" is a complete misnomer in this context. The gap between NAV £ and mcap £ will increase too, even if they invest every penny they raise net of costs into BTC.
This bubble will burst because it is a pyramid scheme. It requires an ever increasing supply of mugs, sorry, investors at an ever increasing price per share to keep the price going up.
There is no fundamental asset backing to support the ever increasing mcap. Bigger fool investing, writ large.