Grayscale has proposed that the fees for its Mini Bitcoin ETF will be about ten times lower than GBTC fees, but analysts have doubts.
Grayscale's new Mini Bitcoin ETF will be around ten times cheaper than GBTC's fees, but Bloomberg ETF analyst Eric Balchunas says it's too soon to get excited.
Grayscale Investments' has declared its upcoming"mini" version of the Grayscale Bitcoin Trust exchange-traded fund will be almost a tenth cheaper than the current GBTC fees, making it the cost-effective option among the approved spot Bitcoin ETFs.“This is pro-forma financials and as such hypothetical,” Balchunas declared in an April 20 post on X, explaining that while changes are possible before launch, the fees were intended to catch investors’ attention.
“The good news is they had to pick a number for this and knew ppl would be watching and they decided on 15bps,” he explained.Grayscale has proposed fees for its new Grayscale Bitcoin Mini Trust to be set at one-tenth of the current 1.5% fee for GBTC, according to a recentWith a suggested fee of 0.15%, it is positioning its ETF to have the lowest fees among the 11 approvedFollowing behind are the Bitwise Bitcoin ETF and VanEck Bitcoin Trust , both at 0.20%.
Since the launch of spot Bitcoin ETFs on Jan.11, GBTC has seen approximately $16.73 billion of outflows, according to Farsidea16z snubs crypto, Mango Markets exploiter found guilty and Worldcoin launches blockchain network: Hodler’s Digest, April 14-20
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Grayscale CLO believes spot ether ETFs 'should be approved'Craig Salm believes a highly anticipated spot ether ETF 'should be approved,' citing bitcoin ETF similarities.
Read more »
Grayscale Reveals 0.15% Fees For Its Bitcoin Mini Trust ETFIan Allison is an award-winning senior reporter at CoinDesk. He holds ETH.
Read more »
Bitcoin drops below $60K as analyst says zero spot Bitcoin ETF inflows ‘very normal’Market participants eyeball the significance of zero spot ETF flows as Bitcoin price sinks under $60,000.
Read more »
Purpose Bitcoin ETF Loses 20% of Bitcoin Under Management Despite Rising DemandThe Purpose Bitcoin ETF (BTCC) has lost 20% of its Bitcoin under management over the past three months, despite rising demand and record-high prices for the asset. The fund's holdings have mostly oscillated between 20,000 and 40,000 BTC since its launch in February 2021. However, after BlackRock, Fidelity, and others filed to launch their own spot Bitcoin ETFs, money began to flood back into Bitcoin funds, including Purpose, on optimism that the ETFs might finally be approved.
Read more »
Australia Moves on a Spot Bitcoin ETF; Franklin Templeton on Bitcoin NFTs'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Australia-based Monochrome Asset Management announced their application for a spot bitcoin (BTC) exchange traded fund. Plus, the state of bitcoin miner Hut 8 (HUT) after its merger with US Bitcoin Corp.
Read more »
Bitcoin Cash & Bitcoin SV Pumping as Bitcoin Minetrix Nears Exchange ListingCrypto Blog
Read more »