JPM - BlackRock Fidelity Outperform Grayscale's GBTC: 2 Key Metrics Where Rivals Have An Edge | Benzinga
Spot Bitcoin (CRYPTO: BTC) exchange-traded funds (ETFs) offered by BlackRock Inc. (NYSE: BLK) and Fidelity are outperforming Grayscale's GBTC.
That's according to a JPMorgan research report cited by Coindesk on Wednesday. Grayscale’s GBTC (OTC: GBTC) will likely struggle against competitors despite a slowdown in outflows.
Grayscale, known for having the highest fees among spot Bitcoin ETF issuers, lowered its management fee from 2% to 1.5% with its transition to a spot ...