BlackRock slashes fee to 0.25% for potential spot bitcoin ETF amid ‘brutal’ competition | Headlines | News | CoinMarketCap
01/10/2024 19:16
BlackRock has dropped its sponsor fee for its potential spot bitcoin ETF from 0.3% to 0.25% in light of growing competition. The investment giant …
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Published on January 10, 2024 11:55 GMT+00:00edited on January 10, 2024 12:01 GMT+00:00
BlackRock has dropped its sponsor fee for its potential spot bitcoin ETF from 0.3% to 0.25% in light of growing competition.
The investment giant has also reduced its temporary discount from 0.2% to 0.12% for the first $5 billion of assets in the first 12 months from launch, according to an S-1 form filed today.
"LOWER: BlackRock has just cut the fee on its spot Bitcoin ETF to 0.25% (and 0.12% for the first $5b). They really going for the jugular here, looking to crush the others [before] they even born, just brutal. ARK has also cut to 0.21%. Bitwise [currently] low at 0.20%. Terrordome life," said Bloomberg ETF analyst Eric Balchunas on X.
Ark Invest/21Shares also cut its fee from 0.25% to 0.21% — and is maintaining its zero fees for the first six months or until $1 billion in …