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Grayscale CEO says fees on its bitcoin ETF will drop over time after outflows hit $12 billion

Grayscale CEO says fees on its bitcoin ETF will drop over time after outflows hit $12 billion

Michael Sonnenshein, CEO, Grayscale Investments at the NYSE, April 18, 2022.

Source: NYSE

LONDON — The boss of digital asset management firm Grayscale, which manages the $26 billion exchange-traded fund GBTC, has said that fees on its flagship product will come down over time, after its outflows reached $12 billion.

Grayscale CEO Michael Sonnenshein said that the crypto fund manager expects to bring fees on its Grayscale Bitcoin Trust ETF…


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Grayscale CEO says fees on its bitcoin ETF will drop over time after outflows hit $12 billion

Grayscale CEO says fees on its bitcoin ETF will drop over time after outflows hit $12 billion