The decision to lower fees reflects Grayscale’s effort to remain competitive in an increasingly crowded ETF market. Firms like BlackRock (NYSE:BLK), Ark, 21 Shares, VanEck, and Bitwise have been vying for market share with lower fee structures, prompting Grayscale to revisit its pricing strategy.
Grayscale has broadened its network of authorized participants. This expansion is part of a larger initiative to bolster investor confidence in its financial products and to adapt to the dynamic cryptocurrency landscape.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
Source: Cryptocurrency - investing.com
