"Grayscale CEO Predicts Bitcoin ETF Survival, Defends High Fees Amid Approval"

Grayscale CEO Michael Sonnenshein predicts that most of the 11 approved bitcoin exchange-traded funds (ETFs) won't survive, while defending the 1.5% fee for the Grayscale Bitcoin Trust ETF, citing its track record and investor base. He suggests that other ETFs with lower fees may lack a long-term commitment to the asset class and that only two to three of the approved ETFs may gain significant assets under management, with the others potentially being pulled from the market.