See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

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,...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right