Spot Bitcoin ETFWhile the outbursts continue in GrayscaleGBTC of BlackRockIt outperformed ‘s spot Bitcoin ETF.
According to Coindesk, holdings in Grayscale’s GBTC have seen aggressive outflows since becoming an ETF, with holdings falling 50%.
Despite this decline and outflows, Grayscale’s Bitcoin ETF generates higher income than its competitors, even as investors turn to lower-cost options.
at this point GBTC earns five times the revenue of BlackRock’s Bitcoin ETF (IBIT).
According to calculations, Grayscale Bitcoin Trust (GBTC), which has assets under management (AUM) of approximately $14 billion, earns approximately $205 million annually.
In comparison, BlackRock’s IBIT, which manages $17 billion in assets, earns $42.5 million. This means Grayscale earns approximately five times more than BlackRock.
This huge income gap is due to GBTC’s higher fee rate of 1.5% compared to IBIT’s rate of 0.25%. This difference also means that although investors may have withdrawn funds from GBTC versus ETFs with lower transaction rates, GBTC’s startup advantage still means cash flow continues.
Finally, if we look at the transaction fees of ETFs, it is 0.20% in Bitwise Bitcoin ETF (BITB), which is the lowest among the five largest issuers.
This rate is 0.21% in the Ark 21 Shares Bitcoin ETF (ARKB); It appears as 0.25% in BlackRock- IBIT and Fidelity Wise Origin Bitcoin Fund (FBTC). Gryascale’s GBTC has the highest transaction fee at 1.5%.
*This is not investment advice.
Source: Bitcoinsistemi.com