Grayscale's Bitcoin ETF to Reduce Fees as Market Matures, says CEO
Grayscale's Bitcoin ETF is set to reduce its fees as the market matures, according to CEO Michael Sonnenshein.

Grayscale's Bitcoin ETF is set to reduce its fees as the market matures, according to CEO Michael Sonnenshein.
Grayscale Bitcoin Trust (GBTC) sees sharp outflow decline after announcing mini Bitcoin ETF, instilling investor confidence.
The rise in Bitcoin prices was directly caused by inflows into U.S.-listed spot Bitcoin ETFs, but marginal demand ultimately reflected investor interest in the Bitcoin asset as an alternative “store of value” and decentralized computing network.
GBTC is different from other Bitcoin ETFs because it existed as a Bitcoin investment fund before it became an ETF.
Grayscale Research’s analysis shows that traditional balanced portfolios can achieve higher risk-adjusted returns with a modest allocation to cryptocurrencies (approximately 5% of total financial assets).
Grayscale CEO Michael Sonnenschein discusses Bitcoin's optimistic outlook for 2024, highlighting regulatory challenges and Grayscale's role in policy advocacy.
Grayscale's CEO, optimistic about SEC discussions, sees positive signals for a spot bitcoin ETF. The court win and SEC's review add complexity to the growing competition among firms like BlackRock and Fidelity. Despite JPMorgan CEO's reservations, Sonnenshein emphasizes the enduring nature of the crypto asset class, noting institutional adaptation to new technologies. Closing Remark
Part Three: 3AC, Grayscale, Genesis, and DCG
Grayscale refused to provide a proof-of-reserve for its Bitcoin citing security risks.
CEO Michael Sonnenshein said the firm’s European rollout would be done piecemeal due to various regulatory regimes and investor attitudes.