Grayscale Bitcoin Investment Trust (GBTC), the lone “bitcoin investment trust” in the United States has lost about 80 percent of its total value in the last 10 months. A significant contributor to GBTC’s downward spiral is its excessive fees, which are currently around 2 percent more than double the national average.

The fees “are insane for these funds, and the current bitcoin price is creating more problems,” said Naeem Aslam, TF Global Markets London-based chief market while speaking to Bloomberg.

GBTC’s fall indicates that investors are moving to different avenues to buy cryptocurrencies. Hedge funds are increasingly popular among bitcoin investors and are now making more high-value crypto transactions than private individual investors.

“Despite the fact that volumes are lower, more firms are trading [bitcoin and cryptocurrencies],” said Mike Unetich, Trading Technologies’ vice president of cryptocurrencies.