With approximately $27 billion in assets under management, Grayscale announced in its updated ETF S3 filing on Monday, January 8, 2024, that it has added Jane Street, Virtu, Macquarie Capital, and ABN AMRO Clearing as authorized participants. As part of its plan, the asset manager Grayscale revealed in the ETF filing S3 update on Monday that it has reduced its management fee from 2% to 1.5%.

Grayscale CEO Michael Sonnenshein, in an interview, mentioned that they conducted extensive research to assess fees for similar offerings worldwide, including ETFs based on futures and options through the ETF package. Sonnenshein avoided commenting on and discussing other companies making ETF applications, such as BlackRock, which has suggested fees ranging from 0.20% to 30%.

With the latest updates on Monday, companies ready to launch ETFs include Grayscale, Ark/21Shares, BlackRock, BitWise, VanEck, WisdomTree, Invesco, Fidelity, Valkyrie, and Franklin. Hashdex has not yet updated its application for a spot Bitcoin ETF.

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