James from Bloomberg has compiled a list of the fees of various institutions for the#ETHETF that will be approved next week. The lowest one currently comes from Grayscale. Is it surprising?
Previously, Grayscale's miniETF fee was 0.25%
, but at the last deadline for the S-1 document correction last night, Grayscale took the initiative to cut off the funds and submitted an amendment at the last minute. The fee will be 0.15% after that.
It's rolled up, everyone. It seems that Grayscale has suffered from the high fee of Bitcoin ETF and now wants to fight a price war!
Grayscale's fee is low, so does it mean that Grayscale has no selling pressure?
It seems that this is not the case. The fee is lower for the miniETF that Grayscale applied for this round, and Grayscale's previous holdings were maintained at a higher fee. After the ETF, there may be a situation where Grayscale users sell by themselves and then buy back the miniETF by themselves, rolling themselves up!
From this point of view, the only uncontrollable factor for the approval of#ETFnext week is whether the selling pressure formed by Sell the news is large or small. This action is bound to happen, because retail investors cannot be stopped from taking profits in time, but the scale depends on the consensus of everyone this time.
