🚀 Grayscale CEO Michael Sonnenshein chats with CNBC about his company's decision to set the highest fees (1.5%) among the 11 issuers of spot Bitcoin ETFs in the US. As it turns out, this ETF managed to attract the largest trading volume! 😮

- Grayscale has over $25 billion in AUM for the Grayscale Bitcoin Trust ETF (GBTC)

- Before ETFs were approved, many financial companies applying for ETFs lowered fees to attract investors

- After approval, some Bitcoin ETF issuers increased fees again, but Grayscale remained at 1.5%

Reasons for high Grayscale fees:

1. Investors consider liquidity, track record, and who the product issuer is

2. Grayscale specializes in crypto and has paved the way for many other products

3. Investors have more confidence in established platforms like Grayscale

Sonnenshein believes some of the current Bitcoin ETF issuers won't last long, but others will reap huge profits. Come on, share your opinion in the comments column! 💬