Grayscale CEO: Most approved Bitcoin spot ETFs will not survive.

Ritu13

On January 19, according to CNBC, Grayscale CEO Michael Sonnenshein stated that most approved Bitcoin spot ETFs are unlikely to survive while defending the highest fees charged by his company for its own products in the market. Sonnenshein mentioned that the reason other ETFs have lower fees is that these products "do not have a track record," and issuers are trying to attract investors through fee incentives. "I think from our perspective, that sometimes calls into question their long-term commitment to this asset class." Additionally, Sonnenshein suggested that two to three spot Bitcoin ETFs "may garner some asset size," but others might exit the market. "I ultimately don't think the market will end up with all 11 of the spot products that we currently have."

Yamini003

Survival in this field also requires strength.

977Iti

What should be done if one cannot survive?

Shri

Survival of the fittest; it's not surprising that some cannot survive.

Iravan774

It's also a viable product.

Indra55

It's quite unexpected that survival is no longer possible.