Grayscale Introduces Bitcoin ETF to Address Investor Concerns

Grayscale, with over $50 billion in assets, has launched a new Bitcoin exchange-traded fund (ETF) called BTC. The move aims to address concerns about the high fees of its flagship product, GBTC, and attract new investors. The introduction of BTC reflects a broader trend in the ETF market and offers a lower fee alternative while maintaining exposure to the Bitcoin market.