<ul><li>Grayscale's GBTC generates more revenue than all other Bitcoin ETFs combined.</li><li>GBTC applies a 1.5% expense ratio on $17.9 billion in assets under management, generating around $268.5 million in annual revenue.</li><li>In comparison, all other U.S. spot Bitcoin ETFs, with approximately $89 billion in assets, generate just over $211.8 million in annual revenue.</li><li>To stay competitive, Grayscale introduced new ETF products, including the Bitcoin Mini Trust (BTC), Bitcoin Covered Call ETF (BTCC), and Bitcoin Premium Income ETF (BPI).</li></ul>

Grayscale’s GBTC Rakes in More Revenue Than All Other Bitcoin ETFs Combined

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