The world’s largest asset manager is aiming to retain its position as leader of the spot Bitcoin ETF market following a massive exodus of capital from its flagship GBTC product.
He added that this was still hypothetical and it doesn’t necessarily mean the fund fee will be 15bps. “But the good news is they had to pick a number for this and knew people would be watching, and they decided on 15bps,” he added. At the time of writing, this works out to a potential 30,500 BTC worth roughly $2 billion. However, the figure is likely to be lower than this if GBTC keeps seeing steady outflows until the mini-BTC fund is launched.
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