This marked a pivotal moment with the SEC’s view that ETFs can offer lower expense ratios and enhanced tax efficiency compared to traditional funds. Even still, GBTC’s financial resilience shines, generating $268.5 million in annual revenue, surpassing the $211.8 million of all other US spot Bitcoin ETFs combined, despite losing over half its holdings with $18 billion in outflows since early 2024.
Source: CoinGlassGrayscale’s high-fee revenue engineAt the core of GBTC’s revenue dominance lies its 1.5% expense ratio, a towering figure beside competitors like IBIT and FBTC (both 0.25%), Bitwise (0.24%) and Franklin Templeton (0.19%).Applied to $17.9 billion in AUM, this fee yields $268.5 million annually, eclipsing the $211.8-million combined revenue of all other US spot Bitcoin ETFs, which manage $89 billion collectively.
Meanwhile, GBTC’s 1.5% expense ratio, up to seven times higher than competitors, fuels its revenue lead, even though it bled $17.4 billion in outflows, with a record single-day loss of $618 million on March 19, 2024, driven by investors chasing lower fees or capitalizing on the trust’s historical discount to net asset value (NAV), which plummeted from 50% to near zero by July 2024.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by Michael Tabone
The story "Why Grayscale’s Bitcoin Trust still dominates ETF revenue in 2025" has 1272 words across 45 sentences, which will take approximately 6 - 11 minutes for the average person to read.
Which news outlet covered this story?
The story "Why Grayscale’s Bitcoin Trust still dominates ETF revenue in 2025" was covered 1 days ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 11 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
