EddieJayonCrypto
9 Jan 24
Spot Bitcoin ETF hopefuls, including BlackRock, VanEck, and ARK Invest, have filed amendments to disclose their fee structures with the SEC. BlackRock’s proposed 0.30% fee is lower than expected, making competition difficult for other firms. While other firms will launch with 0% fees, BlackRock’s iS...
Summary
Spot Bitcoin ETF hopefuls, including BlackRock, VanEck, and ARK Invest, have filed amendments to disclose their fee structures with the SEC. BlackRock’s proposed 0.30% fee is lower than expected, making competition difficult for other firms. While other firms will launch with 0% fees, BlackRock’s iShares Bitcoin Trust will have an introductory 0.20% rate. The issue of low fees has sparked a debate in the crypto industry about hidden risks and the financialization of Bitcoin.
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