Crypto trader and analyst Ali Martinez, also known as @ali_charts on Twitter, has recently shared insights on the state of Bitcoin acquisition. Utilizing data from on-chain analytics aggregator Crypto Quant, Martinez’s screenshot provides valuable information for those interested in monitoring Bitcoin movements.
In a related development, Grayscale’s CEO, Michael Sonnenshein, expressed skepticism regarding the long-term survival of all 11 spot-based Bitcoin ETFs. Speaking at the World Economic Forum event in Davos, Sonnenshein emphasized the intense competition within the market and predicted that the majority of Bitcoin ETFs may not withstand it.
Furthermore, Sonnenshein shed light on the high management fees associated with Grayscale’s Bitcoin ETF. With fees reaching 1.5%, Grayscale’s offering stands out compared to competitors such as BlackRock, Ark Invest, and Fidelity, who aim to keep their fees below 0.5%. Sonnenshein defended these high fees by emphasizing Grayscale’s extensive 10-year track record in the industry, suggesting that it reflects a long-term commitment unlike newer entrants.
