Grayscale CEO Says Track Record Justifies Bitcoin ETF Fees

Grayscale Investments Chief Executive Officer Michael Sonnenshein said that 1.5% management fee charged for the Grayscale Bitcoin Trust — the highest of any of the spot Bitcoin ETFs on the market — is justified by “the size, the liquidity, and the track record” of the company.

“As an investor, when you are choosing amongst these products, fees are a consideration, the asset manager, the issuer behind it are a consideration, but so should be size, liquidity and that track record,” Sonnenshein said during an interview on Bloomberg Television from Davos on Wednesday.

WATCH: Grayscale’s Sonnenshine on the launch of a Bitcoin ETF.

Source: Bloomberg

Several of the nine rival exchange-traded funds ...