This sounds like shitty journalism is 2% really "egregious" compared to 1%?
Just remember we are talking about passive investments funds.
Many of those types of funds in traditional finance have commissions up to 0.25%. Many of them are actually free, as they are building block for more complex products, or are actually used to lure customers into an investment relationship.
Oh i'm all for it, and think now would be a perfect time for GBTC to drop their fees to say 1%. Sure we can talk about averages in traditional finance, but in BTC realm the reality is the current alternatives Canadian ETF BTCC, and EBIT charge 1% and 0,75% respectively, which as i understand are not even alternatives for US retirement accounts. Until we see US ETF with 25 basis points in fees GBTC (after current glut of primary shares in 6month pipeline are absorbed) will continue on with their premiums