Grayscale, a major asset manager, launched its mini BTC fund later than its competitors. The delay was largely due to the struggles of its flagship bitcoin trust (GBTC), which experienced significant asset outflows because of its high fee of 1.5%. However, despite its tardy entrance into the market, Grayscale’s mini BTC fund has quickly risen to success.
According to Bloomberg data, the fund currently holds approximately $2.3 billion worth of bitcoin, putting it in sixth place in terms of assets under management. This impressive growth highlights the demand for alternative investment options in the cryptocurrency space.
Investors have shown a strong interest in Grayscale’s mini BTC fund, attracted by its lower fees and potentially higher returns compared to the GBTC. The fund’s success serves as a testament to the ever-evolving nature of the digital asset market and the opportunities it presents for savvy investors.
