Crypto Lender BlockFi Launches Bitcoin Trust
You have successfully joined our subscriber list. BlockFi’s annual fee falls 0.25% below what industry leader Grayscale Bitcoin Trust (GBTC) charges investors as BlockFi aims to compete with GBTC for the top spot. BlockFi, the crypto lender and financial services firm, announced on February 9 it has launched a Bitcoin trust managed by BlockFi Management LLC, a wholly-owned subsidiary of BlockFi. BlockFi Management LLC as a sponsor will charge a fee of 1.75% and BTC held in BlockFi’s trust will be custodied by Fidelity Digital Assets Services LLC via an enterprise-grade custody solution p...
Source: coinspeaker.com
