But reducing AUM also lowers the management fees. So GBTC may not sell Bitcoin to close the discount, but only sell what is needed to cover the steep 2% annual management fee. Those sales alone could result in Grayscale going from the biggest Bitcoin buyer to the biggest seller.

by Peter Schiff
But reducing AUM also lowers the management fees. So GBTC may not sell Bitcoin to close the discount, but only sell what is needed to cover the steep 2% annual management fee. Those sales alone could result in Grayscale going from the biggest Bitcoin buyer to the biggest seller.

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