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Grayscale’s 1.5% Fee Is Higher Than Spot Bitcoin ETF Competitors Like Fidelity, Invesco
As spot Bitcoin ETF hopefuls rush to file their final documents with US regulators, a key difference is emerging among the applicants in their proposed fee structures. At the top end: The Grayscale Bitcoin Trust, which would carry a 1.5% fee if the US Securities and Exchange Commission approves its conversion into an exchange-traded fund. While that would be lower than GBTC’s current 2% fee, it comes well above its competitors. The race-to-the-bottom on fees is a feature of the highly competitive $8 trillion US ETF industry, where even a couple of basis points of difference can translate into millions of dollars ... (full story)