🚨🚨 #Grayscale 🚨$BTC 🚨🚨
🚨 NEW: Grayscale’s GBTC Still Leading the Pack
Even 16 months after spot Bitcoin ETFs hit the market, Grayscale’s GBTC is still dominating revenue generation — pulling in over $268 million in implied annual revenue.
To put it into perspective: all other Bitcoin ETFs combined bring in around $211 million — GBTC alone beats them!
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📉 But It’s Not All Smooth Sailing
GBTC has suffered some major outflows, with investors moving toward lower-fee options like BlackRock’s IBIT and Fidelity’s FBTC.
GBTC’s high 1.5% management fee is still much steeper than competitors charging just 0.20%-0.25%, making it less attractive for cost-conscious investors.
Its Assets Under Management (AUM) have dropped from $29 billion to about $13.65 billion since January!
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🔄 Signs of a Comeback?
On May 3, GBTC finally recorded its first net inflow (about $63 million) since it was converted into a spot ETF — showing some investors might still believe in Grayscale’s brand and strategy.
Plus, Grayscale is planning a new, lower-fee Bitcoin Mini Trust ETF to stay competitive against the likes of BlackRock and Fidelity.
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🌎 Why It Matters:
This shows brand loyalty and first-mover advantage still count for a lot in crypto investing.
But high fees are becoming harder to justify, even for big names like Grayscale.
The Bitcoin ETF race isn’t just about who launched first anymore — it’s about cost, trust, and innovation.
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📈 Quick GBTC Snapshot:
Current Price: ~$75.34
Change Today: +1.4%
Market Sentiment: Stabilizing after a rough few months.