In a recent World Economic Forum interview held in Davos, Grayscale said: 
grayscale loans and advances 
Investments CEO Michael Sonnenshein shared his doubts about the long-term viability of the most recently approved Bitcoin ETF.
possibility of extinction
Despite widespread low-fee practices among competitors, Sonnenshein defended Grayscale’s Bitcoin Trust ETF, which charges a relatively high 1.5% fee. He said this premium fee is due to the fund’s status as the world’s largest Bitcoin fund, boasting more than $25 billion in assets under management, a successful 10-year track record, and a diverse investor base.
Sonnenshein expressed skepticism about the sustainability of ETFs offering lower fees, suggesting these products lack a proven track record and could raise questions about the issuer’s commitment to the asset class.
He expects that only two or three of the 11 recently approved spot Bitcoin ETFs will achieve significant assets under management (AUM) and market success. In contrast, others may face difficulties and potential withdrawal.
Also Read: Hong Kong’s VSFG Plans to Launch First-ever Spot Bitcoin ETF Fund
Sonnenshein on the future of grayscale
Grayscale Bitcoin Trust ETF, the largest ETF in the world, has played a pioneering role in paving the way for cryptocurrency-related products. Sonnenshein positioned Grayscale as an expert in the cryptocurrency space, emphasizing the importance of factors such as liquidity, performance, and issuer credibility in attracting investors.
As the cryptocurrency market develops rapidly and institutional interest grows, competition among ETF providers is intensifying. While some issuers choose lower fees to attract investors, Grayscale’s strategy focuses on highlighting its extensive experience and credibility in the market, even at a premium cost.
as a result
Sonnenshein’s insights illuminate the dynamics of the growing Bitcoin ETF market, where factors other than fees, such as reputation and history, play a pivotal role in shaping investor perceptions and decisions.