Grayscale’s Bitcoin ETF may have the highest fees and outflows compared to the competition, but chief Michael Sonnenshein said he’s happy to wait.
Grayscale’s flagship Bitcoin (BTC) exchange-traded fund (ETF) will drop its fees, the highest of all United States spot Bitcoin ETFs, but only once the products “start to mature,” according to CEO Michael Sonnenshein.
Sonnenshein said in an April 10 on-stage interview at Canaccord Genuity’s Digital Assets Symposium that “markets have tended to be very excitable” when commodity or specific thematic exposure products — such its own Grayscale Bitcoin Trust (GBTC) — debut and give investors access to assets for the first time.
“We’re still kind of very much in that phase for Bitcoin,” he said.
