Cryptocurrency Q&A
How much does the grayscale Bitcoin Trust ETF cost?
How much does the grayscale Bitcoin Trust ETF cost?
KimonoElegance
Sat Jul 06 2024
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7 answers
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Could you elaborate on the pricing structure of the Grayscale Bitcoin Trust ETF? I'm particularly interested in understanding the initial investment requirements, if there are any recurring fees such as management or custody charges, and if there are any transaction costs associated with buying or selling shares in this ETF. Additionally, is there a minimum holding period, and if so, are there any penalties for early redemption? It would be helpful to have a breakdown of all the costs involved in investing in this particular product.
7 answers
amelia_miller_designer
Mon Jul 08 2024
Despite the high fee, the fund had previously charged an even steeper 2% annual fee, which was reduced in January 2024.
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CryptoPioneer
Mon Jul 08 2024
The Grayscale Bitcoin Trust ETF imposes a relatively significant annual fee of 1.5%, equating to $15 for every $1,000 invested annually.
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Caterina
Mon Jul 08 2024
This fee level is notably higher than its more recent ETF counterparts, a factor that may deter some investors.
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CryptoVeteran
Sun Jul 07 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services that cater to the needs of investors in the cryptocurrency market.
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Carolina
Sun Jul 07 2024
Nonetheless, the high fee structure has contributed to significant outflows of investor funds from the Grayscale Bitcoin Trust ETF.
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