Grayscale's Proposed Bitcoin ETF Uplift: A 1.5% Fee Gamechanger

• Grayscale Reduces Management Fee to 1.5% Amid Bitcoin ETF Proposal
• Grayscale's Asset Management and Authorized Participants
• Grayscale's Strategy Behind The Move

Grayscale Reduces Management Fee to 1.5% Amid Bitcoin ETF Proposal

Leading asset manager Grayscale has announced a decrease in its management fee from 2% to 1.5%. This move is part of the company's plan to upgrade to a spot Bitcoin$42,260 -0.64% ETF, as revealed in an updated S3 filing.

Grayscale's Asset Management and Authorized Participants

Grayscale, responsible for approximately $27 billion in assets under management (AUM), is expanding its roster of authorized participants (APs) to include Jane Street, Virtu, Macquarie Capital, and ABN AMRO Clearing.

Grayscale's Strategy Behind The Move

According to Michael Sonnenshein, CEO of Grayscale Investments, exhaustive research was undertaken to assess fees of comparable product offerings. This research encompassed spot and futures-based ETFs in regions globally which have previously facilitated Bitcoin access via ETF wrappers.

Sonnenshein did not comment on the fee structure of other ETFs such as BlackRock's, which starts at 0.20% and increases to 0.30%.

Edited by Jonathan Stoker