[[{“value”:”
The firm plans to lower costs on its GBTC Bitcoin ETF in the coming months.
The decision is most likely made in response to the persistent withdrawals from GBTC.
Crypto asset manager Grayscale’s chief executive officer Michael Sonnenshein has announced a fee reduction plan for the company’s flagship Bitcoin exchange-traded fund, the Grayscale Bitcoin Trust (GBTC). In a U-turn from defending its increased charges, Sonnenshein said that costs would decrease after GBTC outflows exceed $12 billion.
According to Grayscale CEO Michael Sonnenshein, the firm plans to lower costs on its GBTC Bitcoin ETF in the coming months. Also, the decision is most likely made in response to the persistent withdrawals from GBTC and the enormous market share that rivals like BlackRock and Fidelity are stealing from Grayscale.
Sonnenshein stated in an interview:
“I’ll happily confirm that, over time, as this market matures, the fees on GBTC will come down.”
Increasing Competition
Additio

Czytaj więcej

We współpracy z: https://thenewscrypto.com/grayscale-ceo-plans-fee-reduction-for-spot-bitcoin-etf-as-market-matures/