Bitcoin ETFs Approaching the Finish Line: Titans Clash in Fee Wars for Ultimate Approval!
In a momentous move, industry juggernauts including BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie have submitted amended S-1 forms, marking the decisive step before potential approval for spot Bitcoin ETFs. The race for the coveted approval is entering its climax!
Amended S-1 Forms Filed: Countdown to Bitcoin ETF Approval in Full Swing
Cryptocurrency enthusiasts are holding their breath as key players submit amended S-1 forms, signaling the conclusive phase before a potential green light for spot Bitcoin ETFs. BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie are all in the spotlight.
Fee Wars Intensify: BlackRock Sets Sponsor Fee at 0.3%
In a strategic twist, BlackRock unveils its sponsor fee at 0.3%, with a remarkable reduction to 0.2% for the first year or until the ETF hits $5 billion in assets. This unexpected fee cut reverberates through the industry, prompting Bloomberg ETF analyst Eric Balchunas to exclaim, "Life just got a LOT tougher for everyone else. The ETF Terrordome is no joke."
VanEck's Strategic Maneuver: Joint Lowest Permanent Fee at 0.25%
VanEck positions itself as a frontrunner by selecting a joint lowest permanent fee among issuers at 0.25%. The battle for supremacy in the fee landscape is fierce, and VanEck strategically takes its place.
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