Bloomberg ETF Analyst: Grayscale’s high fees are aimed at gaining first-mover advantage, not expanding scale

Odaily Odaily, and now is the mid-summer harvest period.” Bloomberg ETF analyst Eric Balchunas reposted and commented: “This is a very valid point, and it is why Grayscale’s situation reminds me very much of traditional high-cost actively managed mutual funds. . What should they do: lower to 30 basis points to compete with Vanguard and lose all their profits instantly, or hold on to milk it to the last drop? Bogle suggests they choose the former, because it's too late for them, and They'll get a lot of money on the way out."