Bitcoin ETF Fee War Heats Up as Major Players Announce Rates Between 0.39%-0.80%
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Only 6 of the 13 spot bitcoin ETF applicants have announced their fees so far. Fees will be a key differentiator since all funds will hold the same asset.
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Invesco and Galaxy set the bar by waiving fees for the first 6 months and first $5 billion in assets. Their fee will be 0.59% after that.
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Fidelity has the lowest fee at 0.39%. Ark, 21Shares, and Valkyrie plan to charge 0.80%.
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BlackRock, a likely front runner, has not announced its fee yet. Analysts predict it will be 0.39-0.80%.
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Fidelity may have an advantage with its in-house custodian and direct access to investors through its platform.