Calendar

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

Last Update:

Tags: ,,,,
Link: CrossTower Set To Launch Bitcoin Fund At A Lower Fee Than GBTC   [Copy]
Next:

Related Articles

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 8 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 15 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 19 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 22 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 26 days ago

    • You need to login to comment.