BlackRock Leads Bitcoin ETF Fee Race, SEC Approval Odds Rise
• BlackRock sets Bitcoin ETF fee at 0.2%, dropping to 0.3% once assets hit $5B; WisdomTree charges 0.5%; VanEck charges 0.25% • Ark Invest/21Shares, Invesco, and Fidelity also file amended S-1 forms, with Ark lowering its fee to 0.25% • Bloomberg analyst says BlackRock's fee is "much cheaper than I predicted," making life tougher for competitors • Firms rush to file amended forms before SEC's final deadline today at 8am • Bloomberg Intelligence raises odds of SEC approving a Bitcoin ETF in January to 95%, though markets remain cautious