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\The value of FTX's GBTC holding rose to around $ million, based on the first day of Grayscale's bitcoin ETF trading on NYSE Arca on Jan. For a full decade, GBTC gradually acquired more and more bitcoin, cresting a staggering net asset value of $30 billion earlier this month. Then. GBTC charges an annual management fee of %, which includes all of the costs associated with administration and safekeeping of the underlying.
