Someone asked why ETFs made me believe in Bitcoin

Please double check my math. At the current price, IBIT is holding $162 billion. They charge 1/4th of 1% per year (0.0025). This is $405 million per year revenue at current price.

I think the big boys want to see Bitcoin continue to thrive. They want Bitcoin to double, triple or 10x. This makes me feel better about the future.