Fund issuers lower planned spot bitcoin ETF fees as possible launches approach
With an SEC ruling on spot bitcoin ETFs expected by Wednesday, Bitwise, WisdomTree, Invesco and Valkyrie reveal new intended fees for their planned offerings
Bitwise and other fund groups prepping a spot bitcoin ETF decided to lower their fees ahead of the Securities and Exchange Commission’s ruling on such funds.
A handful of issuers first revealed intended price points of their planned bitcoin funds on Monday. Some then amended their fees in updated registration statements filed roughly 24 hours later.
Crypto-focused firm Bitwise — which had emerged as the leader Monday with the 0.24% planned fee for its bitcoin ETF — now seeks to charge 0.20% for the product, a Tuesday filing indicated.
WisdomTree, Invesco and Valkyrie are also looking to become more competitive in what industry watchers expect will be a fierce fight for assets.
Read more: Fees, liquidity, brand: The factors investors would weigh when picking a bitcoin ETF
WisdomTree dropped the planned fee for its proposed spot bitcoin ETF fee from 0.50% to 0.30% Tuesday. A fund by Invesco and Galaxy Digital would now charge 0.39%, down from 0.59%.
Meanwhile Valkyrie, which revealed a higher-than-most fee of 0.80% on Monday, disclosed a new intended fee of 0.49% in its latest registration statement.
The SEC could still block such products from launching, as it has done over the years . A decision on these funds is expected by tomorrow.
The price updates come after The ETF Store president Nate Geraci told Blockworks the low planned fees disclosed Monday “speaks to how brutally competitive this category will be.” He noted that the price levels show that investors — should these funds be approved — are “the clear winners.”
Proposed products by BlackRock, Fidelity, Franklin Templeton, VanEck, as well as one by Ark Invest and 21Shares, appear poised to carry the same fee they revealed Monday — ranging from 0.25% to 0.39%. BlackRock’s planned fund would charge 0.20% for the first $5 billion of the fund’s assets, before increasing to 0.30%.
Grayscale Investments — whose spot bitcoin ETF would have the highest fee, at 1.5% — also kept that price point, a Tuesday disclosure shows.
Don’t miss the next big story – join our free daily newsletter .
- bitcoin etf
- Bitwise
- ETFs
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More
