James Seyffart pointed out that the US SEC has not engaged the spot Ether ETF applicants in any way like Bitcoin’s earlier this year.
Grayscale’s Sonnenshein justified high fees due to GBTC’s liquidity and track record. He explained that other ETFs may offer lower fees because they lack a proven track record, and issuers are enticing investors with fee incentives.
The decline in Bitcoin ETF inflows and the record outflow from GBTC suggest a reevaluation of Bitcoin investment strategies among institutional and retail investors.
BlackRock’s iShares Bitcoin Trust (IBIT) set a new record in daily traded shares of about 100 million on Thursday and a record daily inflow of $849M on Tuesday.
Senators urged the commission to reassess the approval of additional cryptocurrency ETFs, citing potential risks for retail investors.
VanEck stated that Ethereum is a cash producing asset and thus its spot ETF could be more or equally successful to the Bitcoin ETFs.
In addition to the rise of Bitcoin ETFs, the broader cryptocurrency market has seen record inflows, with a CoinShares report indicating that crypto saw inflows of $2.7 billion last week.
JPM Securities emphasized that flows are most likely to increase significantly as ETF approval marks the start of a longer process of capital allocation.
As the second largest Bitcoin ETF, BlackRock’s IBIT closes the gap on Grayscale’s GBTC.
This strategic pivot by Patient Capital Management indicates a broader investment approach, now including all exchange-traded products (ETPs), moving away from its previous exclusive focus on the Grayscale fund.
Fortunately for VanEck, its decision to crash management fees to 0% until next year attracted record inflow for the company.
Although Grayscale has not revealed the specific details of the fee structure for the new fund, analysts expect it to be significantly lower than GBTC’s current fee.
The Thailand SEC’s decision to embrace the crypto ETFs comes at the right time as Bitcoin price hits a new all-time high of $72,850, making it a good opportunity for Thai investors.
Despite a recent fee reduction, VanEck will begin a complete fee waiver from today until next year if HODL does not hit $1.5 billion in AUM.
Since the spot Bitcoin ETF operates as a security, Indian individuals are authorized to obtain securities under the Liberalised Remittance Scheme (LRS).