Bitcoin ETFs Closing In: Industry Giants Slash Fees in Epic Battle for Approval!
In a monumental move, industry leaders, including BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity, and Valkyrie, have filed amended S-1 forms, marking the decisive step before potential approval for spot Bitcoin ETFs. The race for the coveted approval is reaching its climax!
Amended S-1 Forms Filed: Countdown to Bitcoin ETF Approval Begins
Cryptocurrency enthusiasts are on the edge of their seats as major players file 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 maneuver, BlackRock reveals its sponsor fee at 0.3%, with a notable reduction to 0.2% for the first year or until the ETF hits $5 billion in assets. This unexpected fee cut sends shockwaves 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 Play: 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 fierce battle for fee supremacy is in full swing, and VanEck strategically secures its place.
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