Is the worst finally over for Grayscale's GBTC?
This is due to the fact that Grayscale's Bitcoin Mini Trust is expected to have fees as low as 0.15%.However, Eric Balchunas, Bloomberg's senior ETF analyst Eric Balchunas, has warned that such fees are"hypothetical."
This means that the fund will not necessarily be able to offer such low fees. With that being said, Balchunas still sees this as a positive development given that Grayscale had to pick such a percentage. Grayscale initially unveiled its plans to launch a smaller fund back in March. The main selling point of the spinoff fund, which will be launched under the BTC ticker, is that it would allow existing GBTC holders to purchase ETF shares without creating a taxable event.
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