Mar 19, 10:24 AM

Grayscale, Led by @Sonnenshein, to Cut Bitcoin ETF Fees Over Time After $12B Outflows

Grayscale's CEO, @Sonnenshein, announced that the fees for its bitcoin exchange-traded fund (GBTC) will decrease over time. This statement, reported by @JamieCrawleyCD, comes in the wake of the fund experiencing significant outflows every week, with a reported $12 billion exiting due to concerns over high fees. The decision aims to address the growing dissatisfaction among investors and potentially stabilize the fund's performance.

#Grayscale #Sonnenshein

Written with ChatGPT (GPT-4).

Sources

Open Outcrier@OpenOutcrier
2 years ago
Grayscale CEO says fees on its bitcoin ETF will drop over time after outflows hit $12 billion - CNBC https://t.co/EAAX9CqUcv
BSCN Headlines@BSCNheadlines
2 years ago
🚨BREAKING: @GRAYSCALE CEO REVEALS THAT ITS $BTC ETF FEES WILL COME DOWN "OVER TIME"
CoinDesk@CoinDesk
2 years ago
Digital asset investment manager @Grayscale’s CEO @Sonnenshein said that the fees of its bitcoin exchange-traded fund (GBTC) will decrease over time. By @JamieCrawleyCD. https://t.co/hc6DqCJzek

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Grayscale, Led by @Sonnenshein, to Cut Bitcoin ETF Fees Over Time After $12B Outflows

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