Bloomberg analysts: 7 of 10 upcoming ETFs have introduced fee reductions

Golden Finance reported that Bloomberg analyst James Seyffart said that among the 10 ETFs to be launched, 7 have introduced fee reductions, and some have even completely waived fees within 6 to 10 months. This shows that these issuers have high expectations for competition and it will be a battle to raise assets. Seyffart added that many issuers competing in Ethereum have gone through similar tests, and their Bitcoin funds were launched earlier this year. Data compiled by Bloomberg show that these ETFs attracted widespread attention when they debuted in January, with a total net inflow of $16.5 billion. BlackRock's Bitcoin ETF has performed outstandingly, with its ticker IBIT and current assets of about $21 billion.