與所有其他比特幣ETF相比

儘管收取費用明顯高於其競爭對手，但Grayscale的比特幣信託ETF（GBTC）仍在美國現貨比特幣ETF中占主導地位。 Nate Geraci

Grayscale's Bitcoin Trust ETF (GBTC) continues to massively outpace other U.S. spot Bitcoin ETFs in revenue generation despite charging fees significantly higher than its competitors.

儘管收取費用明顯高於競爭對手，但Grayscale的比特幣信託ETF（GBTC）仍在收入中的其他現貨比特幣ETF繼續大大超過其他現貨比特幣ETF。

According to ETF Store president Nate Geraci, GBTC is "making more $$$ than all of the other ETFs combined... And it's not even close."

根據ETF商店總裁Nate Geraci的說法，GBTC“比其他所有ETF的總和都多了……而且它甚至還沒有接近。”

GBTC generates approximately $268.5 million in annual revenue by applying a 1.5% expense ratio on $17.9 billion in assets under management, as of the latest data from Coinglass.

與Coinglass的最新數據相比，GBTC的年收入約為179億美元的資產，從而產生約2.685億美元的年收入。

In comparison, all other U.S. spot Bitcoin ETFs, covering about $89 billion in assets, produce just over $211.8 million in annual revenue.

相比之下，所有其他美國現貨比特幣ETF覆蓋了約890億美元的資產，年收入剛剛超過2.118億美元。

For instance, BlackRock's IBIT, now holding over $56 billion in assets, generates about $137 million annually, a smaller sum despite managing a larger amount of Bitcoin.

例如，貝萊德（Blackrock）的IBIT（現在持有超過560億美元的資產）每年產生約1.37億美元的資產，儘管管理了較大的比特幣，但仍有較小的款項。

However, it's worth noting that IBIT's lower fee of 0.4% contributes to its reduced revenue despite the substantial assets managed.

但是，值得注意的是，儘管有大量資產管理，但IBIT較低的費用降低了0.4％的收入。

As Grayscale faces fierce competition and expands its ETF offerings, it introduced the Bitcoin Mini Trust (BTC) in March 2025, aiming to provide investors with a lower-cost alternative to GBTC's higher fees.

隨著Grayscale面臨激烈的競爭並擴大其ETF產品，它於2025年3月推出了比特幣迷你信託（BTC），旨在為投資者提供較低成本的替代品，以替代GBTC更高的費用。

Moreover, Grayscale has launched two new ETFs — the Bitcoin Covered Call ETF (BTCC) and the Bitcoin Premium Income ETF (BPI) — which offer modified income strategies tied to Bitcoin's price movements.

此外，Grayscale推出了兩個新的ETF -Bitcoin Call Call Call ETF（BTCC）和比特幣保費收入ETF（BPI），它們提供了與比特幣價格變動相關的修改收入策略。

These funds provide investors with the opportunity to gain exposure to Bitcoin-related returns without needing to hold Bitcoin directly in their portfolios.

這些資金使投資者有機會獲得與比特幣相關的收益，而無需直接將比特幣放在其投資組合中。

The introduction of these new products showcases Grayscale's efforts to diversify its lineup and stay competitive in the evolving landscape of cryptocurrency investment products.

這些新產品的引入展示了灰度在不斷發展的加密貨幣投資產品中發展陣容多樣化並保持競爭力的努力。