Grayscale Bitcoin Trust (GBTC) is generating higher revenue than its competitors despite a 50% decrease in assets under management. 💸

- ​​GBTC’s fee rate is 1.50%, much higher than BlackRock’s iShares Bitcoin Trust (IBIT)’s 0.25%.

- GBTC’s annual revenue is around $205 million, compared to IBIT’s $42.5 million.

- GBTC holds 22k BTC, while IBIT holds 36.6k BTC.

Markets in trouble? 🤔