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The ETF euphoria and hopes that the Federal Reserve will soon cut interest rates have propelled bitcoin, the world's biggest cryptocurrency, above $72,000. Bitcoin was last trading at $72,095 ...
One of the most notable things about the Grayscale Bitcoin Mini Trust ETF is that it has one of the lowest fees of Bitcoin ETFs, charging just 0.15%, or $1.50 per $1,000 invested.
Michael Sonnenshein suggested his firm's ETF would survive, along with a few others, but most wouldn't see widespread interest and adoption. [22] Grayscale launched three new funds in July 2024: a spot Ether ETF, [23] a mini Bitcoin ETF, [24] and an investment fund for artificial intelligence-related cryptocurrency projects. [25]
The Grayscale Bitcoin Trust ETF doesn't manage its Bitcoin assets for nothing. It charges a 1.5% expense ratio for its services. Additionally, the ETF buys Bitcoin continually, so it's essentially ...
A handful of hedge funds made a winning bet on approval of a spot bitcoin exchange-traded fund (ETF) by investing in the Grayscale Bitcoin Trust (GBTC) well ahead of regulatory sign off, according ...
Mintzberg is joining Grayscale at a pivotal time. The firm launched two key products in recent weeks, including an Ethereum ETF and a spin-off "mini" version of its Bitcoin ETF that charges lower ...
Grayscale, which paved the way for SEC approval of Bitcoin ETFs through its landmark court case against the agency decided last year, set a less competitive rate of 1.5%—still lower than the ...
In anticipation of a victory, BlackRock filed for a spot Bitcoin ETF in June 2023—a signal to many that approval was inevitable. After Grayscale won its case in August, the timeline was set in ...