March 15, 2025

Fidelity Wise Origin Bitcoin Fund

Funds

Grayscale’s Bitcoin Fund Has Hefty Fees. Why You Might Be Stuck.

Imagine getting paid $30 million a year for clicking a mouse a few times a day. Your job is to buy a single virtual asset for an exchange-traded product—or ETP—that is similar to but not exactly like an exchange-traded fund. Call it the Steepcoin ETP. It charges a 1.50% expense ratio. You click a mouse

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Funds

Record Bitcoin-ETF Outflow Buffets BlackRock, Fidelity Funds

(Bloomberg) — US spot-Bitcoin exchange-traded funds suffered their largest daily outflow as the digital token heads for its worst week since August 2023. Most Read from Bloomberg Investors pulled a net $564 million from the batch of almost a dozen funds on Wednesday, the biggest drawdown since the products debuted in January. The prospect of

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