Prob a lot to do with the high threshold of investing on bitfunder vs. btctc. A lot of new people flooding to snag a few ASICMINER-PT right now as hash rate booms and auctions happen every week
I myself am in it for the long haul due to the kickass dividend.
Higher threshold if someone is a buy and flipper, but lower if they are a buy and holder and reinvest dividends as there is no fee now or any planned for the future for dividends on BitFunder. And as mentioned, once you clear the threshold of 250 shares you can just transfer them to non-passthrough shares (to auction) or over to btct.co (0.2% sale fee + bitcoind transaction fee).
EDIT: Did the math.
For BitFunder, it's a 0% buy fee, 1% to 0.5% sale fee (depending on trade volume), no withdrawal fee.
For btct.co, it's a 0.2% buy fee (with 2FA), 0.2% sale fee (with 2FA), bitcoind withdrawal fee (can be up to 0.0025 BTC) and eventual dividend fee (0.5% to 3%).
So for a buy and sell on BitFunder it's essentially averages out to 0.25% to 0.5% per buy and sell. On btct.co, it's to 0.4% per buy and sell. Almost a wash. But add the withdrawal fee and eventual dividend fee on btct.co or if you have higher trading volume then BitFunder comes out ahead.