📣Hey, crypto enthusiasts!🚀 The world's first Bitcoin ETF,

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📣Hey, crypto enthusiasts!🚀 The world's first Bitcoin ETF, Purpose Bitcoin ETF (BTCC), is facing a bit of a struggle. Despite the BTC price soaring, it's lost 20% of its Bitcoin under management in the last 3 months. 🔍Here's the scoop: • As of April 4, Purpose held 27,871 BTC, worth $1.89 billion USD. • But, since the U.S. ETFs went live on Jan 11, Purpose has seen a steady outflow of funds. Why?🤔 • High management fees. Purpose charges 1.0% compared to BlackRock's 0.25%. • With BTC price on the rise, older investors are cashing out. What's next?💡 • Grayscale, another high-fee fund, plans to lower its fees. • No word yet from Purpose. What do you think? Will lower fees attract more investors? Let's chat below!👇 #Bitcoin #ETF #CryptoNews

📣Hey, crypto enthusiasts!🚀 The world's first Bitcoin ETF, Purpose Bitcoin ETF (BTCC), is facing a bit of a struggle. Despite the BTC price soaring, it's lost 20% of its Bitcoin under management in the last 3 months. 
🔍Here's the scoop:
• As of April 4, Purpose held 27,871 BTC, worth $1.89 billion USD.
• But, since the U.S. ETFs went live on Jan 11, Purpose has seen a steady outflow of funds.
Why?🤔
• High management fees. Purpose charges 1.0% compared to BlackRock's 0.25%.
• With BTC price on the rise, older investors are cashing out.
What's next?💡
• Grayscale, another high-fee fund, plans to lower its fees. 
• No word yet from Purpose.
What do you think? Will lower fees attract more investors? Let's chat below!👇 #Bitcoin #ETF #CryptoNews