2024-3-19 13:42 |
GBTC has seen $12 billion in outflows since due in part to its high fees compared to its competitors. origin »
Bitcoin price in Telegram @btc_price_every_hour
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Crypto asset management firm Grayscale with $26 billion allocated in its ETF fund GBTC plans to drop fees as its outflows reach $12 billion. Grayscale CEO Michael Sonnenshein has announced plans to reduce fees on the Grayscale Bitcoin Trust ETF…
2024-3-19 15:51 | |
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Outflows from Grayscale have been more than net inflows into other spot ETFs. The management fees charged by Grayscale were the highest among all ETF issuers. Bitcoin [BTC] dipped below $41,The post Bitcoin's price drop and Grayscale outflows - Here's what's up appeared first on AMBCrypto.
2024-1-23 21:30 | |
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In the latest developments in the crypto market, the Grayscale Bitcoin Trust (GBTC) ETF is facing significant challenges, with billions of dollars in outflows over the past week. Grayscale’s struggle is underscored by the rise of competing funds and a complex interplay of fees and market dynamics.
2024-1-19 19:47 | |
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Grayscale Investments CEO Michael Sonnenshein has resigned from the asset manager amid mass investor departures from the firm’s GBTC ETF.
"We are seeing a new group of investors who are Ethereum-first and in some cases Ethereum-only," Michael Sonnenshein told Bloomberg.