Grayscale’s Mini-Bitcoin ETF to Have Lowest Fees on The Market

The world’s largest asset manager is aiming to retain its position as leader of the spot Bitcoin ETF market following a massive exodus of capital from its flagship GBTC product.

He added that this was still hypothetical and it doesn’t necessarily mean the fund fee will be 15bps. “But the good news is they had to pick a number for this and knew people would be watching, and they decided on 15bps,” he added. At the time of writing, this works out to a potential 30,500 BTC worth roughly $2 billion. However, the figure is likely to be lower than this if GBTC keeps seeing steady outflows until the mini-BTC fund is launched.

Coin Coin Latest News, Coin Coin 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.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Grayscale’s Mini Bitcoin ETF ‘cheap’ fees are ‘hypothetical’ — analystsGrayscale has proposed that the fees for its Mini Bitcoin ETF will be about ten times lower than GBTC fees, but analysts have doubts.
Source: Cointelegraph - 🏆 562. / 51 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.
Source: CoinDesk - 🏆 291. / 63 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.
Source: CoinDesk - 🏆 291. / 63 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.
Source: Crypto_Potato - 🏆 568. / 51 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.
Source: Cointelegraph - 🏆 562. / 51 Read more »