From Investing.com:

Grayscale Investments, with $27 billion in AUM, is cutting the management fee for its spot ETF from 2% to 1.5%. The move is aimed at improving liquidity and accessibility for investors in an increasingly competitive market.

The decision to lower fees comes as Grayscale faces heightened competition from firms like BlackRock, Ark, and VanEck. These companies have been offering lower fee structures, prompting Grayscale to revise its pricing strategy.

Grayscale has expanded its network of authorized participants in an effort to boost investor confidence and adapt to the evolving cryptocurrency landscape. This move is part of a larger initiative to strengthen its financial products for investors.



Read more: Grayscale cuts Bitcoin ETF fee to 1.5% amid competition By Investing.com