Grayscale CEO Challenged Bitcoin ETF Rivals! “Most of It Won’t Last, Here’s Why!”

While spot ETF approvals continue to remain hot on the agenda, new statements are coming on this subject.

Final statement on this subject Grayscale Investment CEO Michael SonnensheinIt came from.

Sonnenshein said in an interview with CNBC at the World Economic Forum in Davos, Switzerland. He claimed that the majority of the 11 spot Bitcoin ETFs that have received approval from the SEC will likely fail.

Grayscale Bitcoin The famous CEO, who also made a statement about the high transaction fees of the ETF, defended the company’s ETF product.

Stating that there are important reasons why Grayscale determined the most expensive transaction fee for the ETF, Sonnenshein argued that not all ETFs can survive.

Stating that there are various reasons behind the high ETF transaction fee, such as being the largest Bitcoin fund, having a 10-year history of successful operation, and having a diversified investor base, Sonnenshein continued:

“Grayscale is a crypto expert and we are the largest Bitcoin fund. And that really paved the way for many of these successful products.

Other ETFs have lower fees because the products lack a track record and their issuers try to attract investors with fee incentives.

However, our product has a history.

Additionally, unlike other ETF companies, we have a very different investor base. “Our investors look at details such as liquidity and company history.”

As it is known, while other ETF issuer companies charge transaction fees between 0.2% and 0.4%, Grayscale ETF demands a transaction fee of 1.5%.

*This is not investment advice.