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BlackRock and Fidelity set competitive fees for upcoming Bitcoin ETFs
BlackRock and Fidelity, among other investment firms, have disclosed their fee structures for the much-anticipated spot Bitcoin ETFs.
Leading investment firms BlackRock and Fidelity, along with other contenders, have disclosed their fee structures for the much-anticipated spot Bitcoin exchange-traded funds (ETFs) in the United States, according to a CoinDesk report. BlackRock, in its final S-1 filing, announced a competitive fee structure starting at 20 basis points for the first 12 months or until the fund reaches $5 billion in assets. In an aggressive move to capture market share, Invesco and Galaxy have decided to waive their fees entirely for the first six months or until their fund reaches $5 billion in assets.
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