Grayscale is shaking up the Ethereum ETF race
This means that Grayscale will now have the lowest-cost ETF. For comparison, BlackRock's iShares Ethereum Trust will have a fee of 25 basis points. Michael Saylor Issues Powerful Bitcoin Message in German, What Was Said?
The asset manager's mini ETF was greenlit by the U.S. Securities and Exchange Commission earlier this month. The fund is expected to go live alongside competing products later this month. "This is what I was expecting yesterday. Grayscale wised up," finance lawyer Scott Johnsson said in response to Grayscle's move.
It is worth noting that Grayscale's Ethereum ETF has a 2.5% fee. Apollo CEO Julian Fahrer recently predicted that it would be"reasonable" to expect significant outflows due to such high fees. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets.
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