Nathen News

The weekly USDT transaction volume on @trondao hit $110B last week, more than 2x what was settled on Ethereum. Thanks to its low network fees, USDT on Tron has become a way for many people around the world to access the US dollar. pic.twitter.com/G2yPcWqjDw— IntoTheBlock (@intotheblock) April 10, 2024

According to an article, by Caitlin Long, the founder and CEO of Custodia Bank, an institution specializing in asset payment and custody in the United States she mentioned that when the fees associated with a spot Bitcoin ETF are lower than its operational costs it becomes challenging for asset managers to generate profits from managing the fund.