Bitcoin ETF Fee War Heats Up as BlackRock, ARK 21Shares Slash Rates Ahead of Expected SEC Approvals
• BlackRock and ARK 21Shares cut fees for their proposed bitcoin ETFs to compete with rivals • BlackRock lowered its fee from 30 basis points to 25 basis points, with a 12 basis point promotional rate • ARK 21Shares reduced its fee by 4 basis points to 0.21% • Bitwise, Valkyrie, WisdomTree, Fidelity, Invesco, and Galaxy also announced fee reductions for their proposed ETFs • The fee cuts come as the SEC is expected to approve multiple bitcoin ETFs, sparking competition between providers