Grayscale Outearns Every Bitcoin ETF—Combined
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The OG crypto fund flexes its dominance as ETF newcomers scramble for scraps.
While Wall Street’s shiny new Bitcoin ETFs jostle for inflows, Grayscale’s Bitcoin Trust (GBTC) quietly rakes in more revenue than all of them—combined. The veteran player, often dismissed as ’your grandpa’s crypto fund,’ continues to print money while ETF issuers fight over shrinking fees and dwindling market share.
Funny how the ’disruptors’ keep cutting each other’s throats while the incumbent—charging 1.5% fees in a race-to-zero environment—still pockets the lion’s share. Maybe those suits should’ve spent less on Super Bowl ads and more on figuring out how to actually compete.
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