GBTC Remains a Cash Cow for Grayscale

It may have lost two-thirds of its assets under management since converting into an exchange-traded fund, but the Grayscale Bitcoin Trust ETF is still a cash cow for asset manager Grayscale. With most of its competitors charging fees of 0.25% or less, the Grayscale Bitcoin Trust ETF continues to levy a hefty 1.5%. As a result, GBTC is bringing in more annual revenue than all other spot Bitcoin ETFs combined, said Nate Geraci, president of the ETF Store, in an X post . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant