Grayscale Global Head of ETFs, Dave Laval, recently spoke to Yahoo finances reporter, Madison Mills, about the outflows of the Grayscale Bitcoin ETF. The ETF has seen nearly $8 billion worth of outflows in the past month, which is partially due to Grayscale having higher fees than its competitors.
ETFs offer a way to democratize investing for investors and, hence, open up $30 trillion of advised assets to come into the asset class. With the ETF, investors can have a more equitable experience and access to investments that were inaccessible previously.
Grayscale offers a differentiated cryptocurrency ETF product, and they have 10-year track records as a crypto specialist. With the ETF, Grayscale aims to educate the market and allocate the 5% allocation to Bitcoin for risk and return optimization.
There are no concerns about macro issues affecting the Grayscale product, as Bitcoin is versatile to investors. Some investors view Bitcoin as a currency, while others view it as an inflation hedge or digital store of value.
Grayscale is expected to apply for approval of an Ethereum ETF in the coming months, similar to the Grayscale Bitcoin ETF. Grayscale will uplist if the application is approved.
The Grayscale business model is confident of the future of crypto and digital assets for investors.
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