The Grayscale Bitcoin Trust ETF (GBTC) faces a major disadvantage due to its high 1.5% expense ratio compared to competitors charging only 0.15–0.25%. This structural cost drag leads to long-term underperformance against both spot Bitcoin and lower-cost ETFs like IBIT and FBTC. While existing holders remain due to tax and institutional reasons, these are temporary frictions rather than fundamental benefits. New investors looking for Bitcoin exposure in traditional markets are advised to avoid GBTC and choose more affordable, liquid alternatives instead.
Bitcoin's price dropped nearly 2% to around $75,680 after BlackRock's iShares Bitcoin Trust (IBIT) executed its largest single sale of $1.289 billion through a dark pool, selling over 29 million shares. This sell-off contributed to a $30 billion decr...
US spot Bitcoin ETFs experienced a net cash outflow of about $1.55 billion from May 15 to 22, driven mainly by BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund. These outflows have contributed to Bitcoin's price consolidating...
