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Grayscale Announces 1.5% Fees for Its Proposed Bitcoin ETF Uplist

Asset manager Grayscale has dropped its 2% management fee to 1.5% as part of its proposed uplift to a spot bitcoin ETF, according to an updated S3 filing. Grayscale, which has some $27 billion in assets under management (AUM), said it was adding Jane Street, Virtu, Macquarie Capital and ABN AMRO Clearing as authorized participants (APs). “We did a ton of research to evaluate similar product offerings’ fees, including spot and futures-based ETFs in geographies around the world that have been earlier to open access to bitcoin through the ETF wrapper,” Michael Sonnenshein, CEO of Grayscale Investments, said in an interview.

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