Grayscale's High ETF Fee Keeps the Cash Flowing In Even as Investors Withdraw

Grayscale's Bitcoin Trust (GBTC), despite aggressive outflows and a recent 50% slump in assets, still manages to earn a significant $205 million annually, five times that of rival BlackRock's IBIT with $42.5 million.

Though investors are pulling out of GBTC seeking lower-cost options, the fund's earlier head start and higher 1.50% expense ratio allow it to garner sizeable revenue from its existing assets, totaling almost $14 billion.

Read at Coindesk