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Grayscale Bitcoin Fund Assets Dip $2B Due to High Fee

Posted on AllSides May 28th, 2024
From The Right

Assets in the Grayscale Bitcoin Trust fund have dipped to $18.3 billion as competitors charge fees as low as 0.20% compared to this fund’s unusually high 1.50% fee, Barron’s reports. That’s a $2.4 billion decline in Grayscale Bitcoin Trust assets from $20.7 billion on Jan. 31, according to Morningstar. Since the fund has soared by 49% this year, the asset level understates just how high the outflows have been. This expense ratio translates to more than $300 million a year that Grayscale is collecting on this exchange-traded product. In January,...

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https://newsmax.com/finance/streettalk/grayscale-bitcoin-fund/2024/05/28/id/1166407

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