@sadvalueinvestr @Andrew30482844 Compare them to each other, long term investors are looking for these funds to generate returns that are not highly correlated to returns they can buy cheaply elsewhere.
It looks like the majority of Greyscale's (GBTC) outflows were not due to its higher fees, but rather due to a legal obligation of bankrupt FTX to liquidate its holdings.
I'll say it again. I suspect with most of FTX redemptions out of the way, GBTC outflows will come to a trickle by the end of the month, retaining their kingship of the spot #btc ETF space by an enormous margin. #stackharder