Comparing Slashed Fees for Spot Bitcoin ETFs to Traditional Funds

Bitcoin ETF Applicants Slash Fees in Competition for SEC Approval

As the race for the first spot bitcoin exchange-traded fund (ETF) intensifies, several applicants have been slashing their fees in an attempt to gain a competitive edge. BlackRock, the world’s largest asset manager, reduced its sponsor fee for its potential bitcoin ETF from 0.3% to 0.25%. It also lowered its temporary discount from 0.2% to 0.12% for the first $5 billion of assets in the first 12 months from launch. Other applicants, including Ark Invest/21Shares, Fidelity, Valkyrie, and WisdomTree, have also reduced their fees. The move comes as the anticipated approval from the Securities and Exchange Commission (SEC) draws closer.