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March 2, 2024
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Bitcoin

All approved bitcoin ETFs won’t survive, defends fees


Michael Sonnenshein at the 2022 Forbes Iconoclast Summit at New York Historical Society on Nov. 3, 2022.

Arturo Holmes | Getty Images Entertainment | Getty Images

DAVOS, Switzerland — Grayscale Investments CEO Michael Sonnenshein told CNBC that most [says all 11 in the headline, summary and key point though] of the approved bitcoin exchange-traded funds won’t survive, while defending the highest fees in the market for the company’s own product.

The Grayscale Bitcoin Trust ETF is the world’s largest, with over $25 billion in assets under management.



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