GrayScale Lowers Fees as it Crosses $15 Billion in Bitcoin and ETH

barry silbert

The biggest stock traded crypto products provider has lowered its management fees after an incredible year that has seen it add some $12 billion in assets under management. The company announced they now have $15.5 billion worth of bitcoin, eth, xrp, litecoin and bitcoin cash with nearly 80% of it in btc and 13% in eth. They are now to lower their management fees from 3.0% to 2.5% with Michael Sonnenshein, Managing Director of Grayscale Investments, stating: “Grayscale has been the market leader for digital currency investment products since our inception, and we’re focused on bringing our clients products that provide access, transparency, and exposure, all supported by best-in-class service providers. It is extremely important to us that as our industry continues to mature and grow, Grayscale continues to lead in client service and offerings.” They have been facing increasing competition with numerous Exchange Traded Products (ETPs) launching in Europe…

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