Greiscale and further peaks All of us Sport Bitcoin ETFS in revenue

The Trust Graiscale Bitcoin ETF (GBTC) creates several revenues from all other places of Bitcoin in combination, despite charging fees that are up to seven times higher than its competitors.

GBTC is still “making more $$$ of all other ETF combined …” Nate Geraci, President of the ETF store, listed to Q on Sunday. “And it’s not even close.”

The Fund creates about 268.5 million dollars of annual revenue, and the cost ratio of 1.5% applied to 17.9 billion dollars under administration, according to Koinglas data.

All other American BitCoin ETFs that GERAACY shown GERAKES generate the default annual income from a bit more than 2.11.8 million dollars from a total of $ 89 billion in the administration of a total of $ 89 billion.

The dominant revenue of GBTC still exists despite loss more than half of its places from place Bitcoin ETFS They went live in January 2024. years, revealing that the structures for compensation formed the Fund’s economy, regardless of the market share.

In addition to its advantage and brand recognition, Greiscale control over GBTC management allows you to charge 1.5% of the fee.

For example, Blackrock’s Ibit keep Three times more property funds, at $ 56 billion, compared to a GBTC of $ 18 billion, but creates only about $ 137 million in revenue from her 0.25% fees.

In response, Greiscale launched its Bitcoin Mini Trust (BTC) in March 2025. years, above all to offer an alternative to the lower cost of GBTC fees, and at the same time diversify its product line in the middle of intensifying competition.

Losing a little, beat a little

Greiscale’s Bitcoin Trust (GBTC) pione Bitcoin investments in 2013. year as private confidence, before the ETF offered ETF in January in January, next to it ETF Issuers.

All this rolled over to the place after the gray won Original Case Against the then Gensler-LED SEC to convert its trust to ETF.

When trust converts to the ETF, the key aspects of its change structure.

From closed form becomes open, allowing the actions to be redeemed on demand.

Since their distribution and transaction costs are different and often lower, the costs for ETFS costs were “historically less than those for appropriate mutual funds” explains.

As such, ETFS “can be more faster” because ETF actions are mostly redeemable “in the names” “Note Sec.

In April last year, director of Graiscale Michael Sonnenshein claimed that the compensation will be “reduced” until the ETF market matures.

The biggest one-day GBTC outflow was recorded in 19. March 2024. year, in the total amount of 618 million dollars data.

In this tempa, it could run out Bitcoin until 8. July, though James Seiffart, ETF research analyst in Bloomberg Intelligence, previously said Decipher that his outflows will “slow out of here.”

Edited Sebastian Sinclair