与所有其他比特币ETF相比

尽管收取费用明显高于其竞争对手，但Grayscale的比特币信托ETF（GBTC）仍在美国现货比特币ETF中占主导地位。 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.

尽管收取费用明显高于竞争对手，但Grayscale的比特币信托ETF（GBTC）仍在收入中的其他现货比特币ETF继续大大超过其他现货比特币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."

根据ETF商店总裁Nate Geraci的说法，GBTC“比其他所有ETF的总和都多了……而且它甚至还没有接近。”

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.

与Coinglass的最新数据相比，GBTC的年收入约为179亿美元的资产，从而产生约2.685亿美元的年收入。

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，所有其他美国现货比特币ETF覆盖了约890亿美元的资产，年收入刚刚超过2.118亿美元。

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，贝莱德（Blackrock）的IBIT（现在持有超过560亿美元的资产）每年产生约1.37亿美元的资产，尽管管理了较大的比特币，但仍有较小的款项。

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，尽管有大量资产管理，但IBIT较低的费用降低了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.

随着Grayscale面临激烈的竞争并扩大其ETF产品，它于2025年3月推出了比特币迷你信托（BTC），旨在为投资者提供较低成本的替代品，以替代GBTC更高的费用。

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推出了两个新的ETF -Bitcoin Call Call Call ETF（BTCC）和比特币保费收入ETF（BPI），它们提供了与比特币价格变动相关的修改收入策略。

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

这些资金使投资者有机会获得与比特币相关的收益，而无需直接将比特币放在其投资组合中。

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.

这些新产品的引入展示了灰度在不断发展的加密货币投资产品中发展阵容多样化并保持竞争力的努力。