Fees are a boon for those who charge them, and a noose for those who pay them.
: Two Grayscale crypto trusts, its bitcoin and ethereum boxes, charge shareholders 2% and 2.5%, annually, respectively.
Over the lifetime of both of those products, investors have paid an estimated $1.2 billion for GBTC and $387 million for ETHE cumulatively, according to Morningstar Research.Of note : See how those fees rose as a percentage of assets during the start of the most recent crypto bull run in 2020.: If Grayscale were able to convert the trust to a spot bitcoin ETF, fees should be reduced, though that's unlikely in the near term.the Securities and Exchange Commission for its decision to deny that application.: That steady, more predictable income stream puts Grayscale on more solid ground than its sister units under parent company Digital Currency Group.
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