You Won’t Believe How Grayscale is Smashing Bitcoin ETFs (Spoiler: It’s All About the Fees)

According to Nate Geraci (who’s probably sipping a coffee somewhere, laughing about all this), GBTC is pulling in around $268.5 million a year. How? Well, it’s charging a 1.5% fee on $17.9 billion in assets. In comparison, all the other U.S. Bitcoin ETFs, with a combined $89 billion in assets, are making a measly $211.8 million. So yeah, GBTC is winning… by a lot.