and most user-friendly alternative Coinbase. Reportedly, gbtc charges 2 percent on the invested amount as an expense fee, where the average equity mutual fund expense ratio was roughly around.59 percent back in 2017. Speaking on the matter, Naeem Aslam, chief market analyst at TF Global Markets UK said: Expense ratios are insane for these funds and the current Bitcoin price is creating more problems. It isnt public yet but will work the same way as gbtc. An annual 2 fee is paid to the sponsor of the trust.
Bitcoin investment fund
It likely leans more towards the latter, especially considering that gbtc is facing some stiff competition. In other words, so far there havent been other ETFs and thus concerns over other ETFs diminishing gbtcs value have been without merit thus far. The amount of BTC held for investment also showed stability during the same period at around 30 percent). Opinion : One could argue forex trading mikro paljon that gbtc trades well above its NAV because it is trading based on future value. Grayscale Bitcoin Investment Trust (gbtc) has its assets hitting their lowest point since the all-time highs at the end of last years price rally. The investment firm is reporting significant returns and predictions come true.