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CrossTower Set To Launch Bitcoin Fund At A Lower Fee Than GBTC

Mary Liu

Summary: CrossTower, a crypto capital market company, set to launch its Bitcoin fund at the end of this month, according to Coindesk. Although the CrossTower Bitcoin fund does not support transactions in the secondary market, the new fund may become a competitor of Grayscale's GBTC in terms of cost. Its management fee is only 0.6%, and there ...

CrossTower, a crypto capital market company, set to launch its Bitcoin fund at the end of this month, according to Coindesk.

Although the CrossTower Bitcoin fund does not support transactions in the secondary market, the new fund may become a competitor of Grayscale's GBTC in terms of cost. Its management fee is only 0.6%, and there is no lock-up period that investors can redeem within one day.

The fund's initial asset management scale is $20 million, mainly from family offices, and the minimum investment amount is $100,000.

By Mary Liu

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