The Grayscale Bitcoin Trust (GBTC) has the highest fees of any U.S. Bitcoin ETF, but CEO Michael Sonnenshein says they’ll drop when the products mature.
Grayscale’s Bitcoin ETF may have the highest fees and outflows compared to the competition, but chief Michael Sonnenshein said he’s happy to wait.) exchange-traded fund will drop its fees, the highest of all United States spot Bitcoin ETFs, but only once the products “start to mature,” according to CEO Michael Sonnenshein.
Typically, new products — such as the recently launched Bitcoin ETFs — make their way to wealth management platforms, Sonnenshein said. Cumulative U.S. spot Bitcoin ETF flows since launching on Jan. 11 with GBTC outflows in gray. Source: Farside Investors
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