Grayscale asset management firm recently won in its months-long case against the US Securities and Exchange Commission (SEC). The judge determined tha
The resounding victory could have set the stage for another challenge in Grayscale’s mission to offer. According to a Bloomberg report, fees may present as the next obstacle, putting the asset manager at a disadvantage compared to other issuers in the race.
Considering the EF filings between the peers are just about similar, some issuers will leverage their fees for competitive advantage and as a distinguishing fact. Citing ETF Store president Nate Geraci: Already, Grayscale has already started contemplating a slash of the fees, with CEO Michael Sonnenshein expressing the company’s commitment to reduce fees once GBTC converts to anThe place of fees in the ETF space is pronounced, especially where the number of potential issuers is many. BlackRock enjoys a competitive advantage for more reasons other than its expansive assets under management . This includes low fees.
Meanwhile, the market continues to wait for the SEC to give approvals with several deadlines due this week. An Exchange-Traded Fund is an investment vehicle or an index that tracks the price of an underlying asset. ETFs can not only track a single asset, but a group of assets and sectors. For example, a Bitcoin ETF tracks Bitcoin’s price. ETF is a tool used by investors to gain exposure to a certain asset.Yes.
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