Latest Breaking News On - Blockfi management - Page 1 : comparemela.com

You have successfully joined our subscriber list. BlockFi’s annual fee falls 0.25% below what industry leader Grayscale Bitcoin Trust (GBTC) charges investors as BlockFi aims to compete with GBTC for the top spot. BlockFi, the crypto lender and financial services firm, announced on February 9 it has launched a Bitcoin trust managed by BlockFi Management LLC, a wholly-owned subsidiary of BlockFi. BlockFi Management LLC as a sponsor will charge a fee of 1.75% and BTC held in BlockFi’s trust will be custodied by Fidelity Digital Assets Services LLC via an enterprise-grade custody solution purpose-built for institutional investments. According to the announcement, the company Grant Thornton LLP will be the BlockFi Bitcoin Trust’s financial auditor with Davis Polk & Wardwell LLP set to be the legal counsel to BlockFi in connection with the Trust. The crypto lending firm will also use Coin Metrics Inc. in providing index and pricing data.

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