The CEO highlights the trust’s diverse investment base and unparalleled track record.
The 1.5% fee is notable since its rivals in the same business often charge lower rates.
Michael Sonnenshein, CEO of Grayscale Investments, defends the market-leading 1.5% fee of the Grayscale Bitcoin Trust ETF (GBTC) despite concerns.
Even though the U.S. SEC recently approved many Spot Bitcoin ETFs, Sonnenshein boldly claims that the majority of them will fail, casting doubt on their dedication to the asset class in the long run. In this context, the chief executive officer of Grayscale explains the high charge and highlights the trust’s diverse investment base and unparalleled track record.
Banking on Stellar Performance History
With an enormous $25 billion in assets under management, Grayscale’s Bitcoin Trust ETF has surpassed all others to become the biggest in the world. The 1.5% fee that Grayscale charges is notable since its rivals in the same business often charge lower rates, ranging fr
We współpracy z: https://thenewscrypto.com/grayscale-ceo-justifies-1-5-bitcoin-etf-fee-despite-competition/
