Grayscale CEO Promises GBTC’s Fees Will Fall in the Future

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Grayscale’s CEO, Michael Sonnenshein, has announced that the company’s top-performing Bitcoin exchange-traded fund (ETF) will lower its fees once the market matures.

During an interview at Canaccord Genuity’s Digital Assets Symposium, Sonnenshein explained that markets tend to be highly volatile when new products are introduced, but over time the market stabilizes and fees decrease.

He compared this process to the first inning of the first wave of adoption and believes that the recent launch of Bitcoin ETFs will also lead to a consolidation of products and eventually lower fees.

Sonnenshein also mentioned that new products like Bitcoin ETFs usually make their way to wealth management platforms.

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