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Grayscale CEO: GBTC, as a Bitcoin ETF issuer, removes barriers with a reasonable 1.5% fee.

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Grayscale CEO: GBTC, as a Bitcoin ETF issuer, removes barriers with a reasonable 1.5% fee.

Michael Sonnenshein, CEO of Grayscale Investments, recently gave an interview to Bloomberg, where he stated that Grayscale's 1.5% fee is reasonable.

GBTC Clears Obstacles for Multiple Bitcoin Spot ETFs

Michael Sonnenshein stated:

The high trading volume of GBTC is attributed to investor choice. I have heard many communities express their gratitude to Grayscale. The GBTC lawsuit helped clear obstacles for Bitcoin ETFs, and GBTC has continuously improved transparency in information, operations, and mechanisms over the past 10 years, which other ETF issuers can learn from.

Michael Sonnenshein also believes that GBTC has achieved a certain level of alignment with investors.

Grayscale CEO: GBTC Justifies 1.5% Transaction Fee

The Bloomberg host was curious about how Grayscale plans to respond when the transaction fees of multiple Bitcoin spot ETFs are lower than GBTC.

Michael Sonnenshein explained:

As investors, when you make choices among these products, cost is a consideration factor. Asset management companies and their issuers behind them are also a consideration factor. Scale, liquidity, and past performance should also be taken into account. From a market perspective, I believe GBTC differentiates itself through these factors, and we do believe it justifies a 1.5% transaction fee.

Hidden Costs of Bitcoin Spot ETFs You Should Know, Overview of BTC Investment Methods and Fees

GBTC, after its transformation into a spot ETF, has become the leader in trading volume. However, many analyses believe that this is due to the two-year lock-up period before GBTC's transformation. Data compiled by BitMEX Research also shows that GBTC is the only Bitcoin ETF experiencing outflows.