Grayscale’s High ETF Fee Keeps the Cash Flowing In Even as Investors Withdraw

Assets under management at Grayscale's GBTC have slumped 50% due to aggressive outflows since it became an exchange-traded fund. Even so, Grayscale is making five times the amount BlackRock is from IBIT, CoinDesk calculations show. That's down to GBTC's expense ratio of 1.50%, compared with IBIT's 0.25%.

Grayscale's bitcoin

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Source: Coindesk.com