Spot Bitcoin ETF applicants slash sponsor fees, with Bitwise dropping to 0.20% | Headlines | News | CoinMarketCap
01/09/2024 23:42
Bitwise lowered the fee for its spot bitcoin exchange-traded fund down to 0.20% — the lowest among all the current offerings — according to an …
The Block27 minutes ago
Foresight
SEC
Bitcoin ETF
ETF
ETF
Published on January 09, 2024 16:16 GMT+00:00edited on January 09, 2024 16:19 GMT+00:00
Bitwise lowered the fee for its spot bitcoin exchange-traded fund down to 0.20% — the lowest among all the current offerings — according to an amended S-1 filing on Tuesday morning.
The fee war between spot bitcoin exchange-traded fund applicants has reached fever pitch. According to several market participants — including Valkyrie Investments co-founder and CIO Steven McClurg — the U.S. Securities and Exchange Commission might greenlight the first ETF on Wednesday evening, with trading potentially beginning on Thursday.
On Monday morning, a flurry of filings on the SEC website showed strong competition between the 13 current spot bitcoin ETF contenders, which tried to outbid each other by offering the lowest fees possible. Bitwise offered the lowest one, going with zero fees …