ETF expense ratios

Grayscale's 1.5% fee pays it what BlackRock's 0.25% pays on six times the assets

IBIT took in about $1.08bn over 20 days while GBTC lost $254.7m. But 1.5% on $10bn still collects roughly $150m a year, the same as 0.25% on $60bn, so a cut would cost Grayscale more than the outflows do.