Echoing the sentiment, Michael Sonnenshein, the CEO of Grayscale, addressed concerns regarding the outflows, which amounted to $12 billion.“I’ll happily confirm that, over time, as this market matures, the fees on GBTC will come down.”
On the 18th of March, according to CoinShares, GBTC experienced its largest single daily outflow, totaling a significant $643 million in withdrawals.He elaborated, He suggested that lower fees offered by other ETFs are due to their lack of established track records, with issuers using fee incentives to lure investors.
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