JP Morgan analyst: If Grayscale does not reduce GBTC management fees, it may lead to further capital outflows

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Cointime2024/02/08 13:09

By:Cointime

Morgan Stanley analysts stated in a recent report that if Grayscale does not effectively reduce fees, more funds may flow out of GBTC. BlackRock charges only 0.12% in fees, Fidelity charges 0.25%, Cathie Wood's Ark Invest fund currently has no fees and will rise to 0.21% after six months, while Grayscale GBTC's management fee is 1.5%. The report shows that Grayscale's current difficulties are not limited to fees, as the difference between GBTC's stock price and the net asset value per share at the close, as well as the "Hui-Heubel liquidity ratio" representing market breadth, are both behind BlackRock and Fidelity.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Share link:In this post: The Ethena Protocol will follow Wintermute’s proposal and activate a fee switch. Wintermute had previously noted that the protocol lacked a proper framework for revenue allocation to its holders. Ethena Foundation welcomed the firm’s proposal, saying it could see the potential benefits.

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