{"id":68864,"date":"2024-01-13T04:34:21","date_gmt":"2024-01-13T08:34:21","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=68864"},"modified":"2024-01-17T17:19:52","modified_gmt":"2024-01-17T21:19:52","slug":"grayscale-moves-183m-in-btc-amid-etf-fee-competition","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/grayscale-moves-183m-in-btc-amid-etf-fee-competition\/","title":{"rendered":"Grayscale Moves $183m in BTC Amid ETF Fee Competition"},"content":{"rendered":"\n

Grayscale Bitcoin Trust<\/a> sent approximately 4,000 Bitcoins worth $183 million to Coinbase Prime deposit addresses. <\/p>\n\n\n\n

\"Grayscale
Grayscale Moves $183m in BTC Amid ETF Fee Competition<\/figcaption><\/figure>\n\n\n\n

The most recent statistics from Arkham Intelligence<\/a> made this clear. The fee structure of Grayscale's spot Bitcoin ETF, which is 1.5%, is renowned for being very high. However, investors may be considering other options in light of the SEC's recent approval of multiple spot Bitcoin ETFs.<\/p>\n\n\n\n

More competitive fees, ranging from as low as 0.2% to 1.5%, are offered by other ETFs managed by firms like BlackRock, VanEck, ARK 21Shares\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, and Bitwise. Some of these even provide introductory waivers.<\/p>\n\n\n\n
\"Grayscale\u2019s

Grayscale\u2019s transfer history to Coinbase addresses | Source: Arkham.<\/figcaption><\/figure>\n\n\n\n

Significant shifts are occurring in the Bitcoin market itself. In just one day, the price of Bitcoin dropped 5.5% from its peak of over $49,000 to about $43,500 following the SEC's approval<\/a> of multiple Bitcoin spot ETFs. <\/p>\n\n\n\n

A number of reasons, such as the market's reaction to the new ETFs and a possible supply shock brought on by significant transactions like Grayscale, could be responsible for this price volatility.<\/p>\n\n\n\n

Previous reports from several analysts have also indicated that while the market gets used to these new investment vehicles, substantial volatility in the value of Bitcoin could be expected.<\/p>\n","protected":false},"excerpt":{"rendered":"

Grayscale Bitcoin Trust sent approximately 4,000 Bitcoins worth $183 million to Coinbase Prime deposit addresses. The most recent statistics from Arkham Intelligence made this clear. The fee structure of Grayscale’s spot Bitcoin ETF, which is 1.5%, is renowned for being very high. However, investors may be considering other options in light of the SEC’s recent […]<\/p>\n","protected":false},"author":43,"featured_media":68861,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[940,541],"class_list":["post-68864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-etf","tag-grayscale"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/01\/croc_1705131374468.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/68864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=68864"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/68864\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/68861"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=68864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=68864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=68864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}