Bitcoin ETF Approval Imminent as Industry Giants Slash Fees in Fierce Showdown!
In a game-changing move, top contenders, including BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie, have filed amended S-1 forms, marking the last leg before a potential green signal for spot Bitcoin ETFs. The race for approval is on!
Amended S-1 Forms Filed: The Final Push for Bitcoin ETF Approval
Cryptocurrency enthusiasts are on the edge of their seats as major players file amended S-1 forms, signaling the decisive phase before a potential nod for spot Bitcoin ETFs. BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie are all in contention.
Fee Wars Heat Up: BlackRock Sets Sponsor Fee at 0.3%
In a strategic move, BlackRock establishes its sponsor fee at 0.3%, with a surprising reduction to 0.2% for the first year or until the ETF hits $5 billion in assets. This fee cut sends ripples through the industry. Bloomberg ETF analyst Eric Balchunas notes, "Life just got a LOT tougher for everyone else. The ETF Terrordome is no joke."
VanEck's Strategic Move: Joint Lowest Permanent Fee at 0.25%
VanEck emerges as a strong player by opting for a joint lowest permanent fee among issuers at 0.25%. The fee battleground is intense, and VanEck positions itself as a frontrunner.
WisdomTree's Bold Play: Sponsor Fee Set at 0.5%
WisdomTree takes a bold stance by setting its sponsor fee at 0.5%, expressing confidence in the value it brings to the table. Fee dynamics among key players are evolving swiftly, and WisdomTree aims to make a mark.
Source
https://t.me/Bitcoin_Crypto_Signals
