Grayscale Announces 1.5% Fees for Their Proposed Bitcoin ETF Listing

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Last Updated on January 9, 2024 by Bitfinsider

Grayscale has reduced its management fee from 2% to 1.5% as part of its planned increase to a spot bitcoin ETF, according to an amended S3 filing.
Grayscale, which has around $27 billion in assets under management (AUM), announced the addition of Jane Street, Virtu, Macquarie Capital, and ABN AMRO Clearing as approved participants.

“We did a lot of research to evaluate the fees of similar product offerings, including spot and futures-based ETFs in geographies around the world that had previously opened access to bitcoin through the ETF wrapper,” Michael Sonnenshein, CEO of Grayscale Investments, said in an interview.

Sonnenshein refused to comment on any other ETF concerns, including BlackRock’s charge, which will start at 0.20% and rise to 0.30%.

“It’s not surprising to see all the new issuers coming to market here in the US, engaging in a fee war, in a race to the bottom, where they’re all starting from scratch and hoping to gain assets from investors,” Sonnenshein said in a statement.

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