Since obtaining approval from the US Securities and Exchange Commission (SEC) in January, Grayscale Bitcoin Trust (GBTC) has successfully transformed into a Bitcoin spot ETF. Due to this transformation, GBTC started with an asset management scale of 619,200 BTC at the opening, far surpassing its competitors.
However, due to GBTC’s management fee of 1.5%, significantly higher than its competitors’ 0.2%, funds have been continuously flowing out of GBTC after its transformation. Meanwhile, BlackRock’s Bitcoin spot ETF – IBIT – has been consistently growing its asset management scale. According to data compiled by HODL15Capital, today IBIT officially surpassed GBTC, becoming the largest Bitcoin spot ETF in terms of asset management scale.
Successful Conclusion of CoinEx Taiwan’s 7th Anniversary Celebration, Embracing the Arrival of the Web3 Era Hand in Hand with Users
Since its establishment in 2017, CoinEx has been a professional cryptocurrency trading pla…