1099 days ago • Posted by Charles-Henry Monchau
Grayscale Bitcoin Trust (GBTC) is about six weeks away from passing SPDR Gold (GLD) in assets
Grayscale Bitcoin Trust assets under management just hit an all-time high at $39.3 billion. It was $2.1 billion one year ago and $207 million in April 2017. At a 2% fee, GBTC generates $786 million in annual revenue on $39.3 billion AUM.
The 4 largest equity index ETFs ($SPY, $IVV, $VTI, $VOO) generate a combined $554 million revenue on $1.08 trillion AUM (fees are 0.0945%, 0.03% 0.03%, 0.03%). Source: Eric Balchunas, Charlie Bilello.
