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George Tung Raises Suspicions Over Grayscale’s Bitcoin ETF Forecasts

Earlier in March, Grayscale’s CEO Michael Sonnenshein informed CNBC on March 18th that fees for its primary bitcoin ETF would gradually decrease over time, signaling a departure from its previous position defending fees above the market norm.

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Since its conversion into an ETF in early January, Grayscale’s GBTC has experienced outflows exceeding $12 billion, largely attributed to its fees being higher than the industry average. Grayscale is also exploring alternative methods to offer investors more cost-effective avenues to access its bitcoin ETF, such as introducing a “mini” version of its flagship product.

George Tung, a YouTuber, has expressed skepticism regarding the accuracy of the figures presented in Grayscale’s projections concerning the Bitcoin ETF, adding that BlackRock is going to flip Grayscale soon.

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