BlackRock’s IBIT, Fidelity’s FBTC Have a Liquidity Edge Over Grayscale’s GBTC: JPMorgan

Even though outflows from Grayscale’s GBTC slowed in the fourth week following approval by the U.S. Securities and Exchange Commission, the fund is expected to lose out to the newly created ETFs, and in particular to the BlackRock and Fidelity products, if it doesn’t make a meaningful cut to its fees, the report said.