DCG, mother or father of GBTC Sponsor, Studies Q1 Income of $229M

In January, Grayscale transformed GBTC, which had been in existence as a closed-end fund for over a decade, right into a spot ETF, turning into one in all ten issuers to deliver such a fund to the market. Whereas billions flowed into the brand new automobiles, GBTC, whose administration charge of 1.50% was greater than 100 foundation factors above its rivals, skilled billions in outflows.