The intensifying competition within the burgeoning Bitcoin exchange-traded fund (ETF) landscape, BlackRock (BLK.N) has announced a low fee of 0.30% for its forthcoming iShares Bitcoin Trust. This fee is notably lower than those proposed by some of its rivals, such as Valkyrie Investments and Fidelity, which have set fees at 0.80% and 0.39%, respectively, for their own planned spot Bitcoin ETFs.
The race to launch a Bitcoin ETF has reached a fever pitch, with over a dozen participants, including cryptocurrency stalwarts like Grayscale and traditional financial powerhouses like BlackRock, vying for a share of the market. The announcement by BlackRock further fuels the competition and adds to the growing anticipation surrounding the imminent introduction of these investment vehicles.
The disclosure of the 0.30% fee for BlackRock’s iShares Bitcoin Trust comes as a significant development in the market, given the strategic importance of pricing in attracting investors. Lower fees can be a compelling factor for potential investors looking to gain exposure to Bitcoin through ETFs.
💰 BLACKROCK SETS 0.30% FEE FOR PROPOSED SPOT BITCOIN ETF (Reuters)
BlackRock has set a fee of 0.30% for its planned spot bitcoin exchange-traded fund, the asset manager disclosed on Monday. pic.twitter.com/HDJFt7hgt3
— PiQ (@PiQSuite) January 8, 2024
The intensifying competition within the burgeoning Bitcoin exchange-traded fund (ETF) landscape, BlackRock (BLK.N) has announced a low fee of 0.30% for its forthcoming iShares Bitcoin Trust. This fee is notably lower than those proposed by some of its rivals, such as Valkyrie Investments and Fidelity, which have set fees at 0.80% and 0.39%, respectively, for their own planned spot Bitcoin ETFs.
The race to launch a Bitcoin ETF has reached a fever pitch, with over a dozen participants, including cryptocurrency stalwarts like Grayscale and traditional financial powerhouses like BlackRock, vying for a share of the market. The announcement by BlackRock further fuels the competition and adds to the growing anticipation surrounding the imminent introduction of these investment vehicles.
The disclosure of the 0.30% fee for BlackRock’s iShares Bitcoin Trust comes as a significant development in the market, given the strategic importance of pricing in attracting investors. Lower fees can be a compelling factor for potential investors looking to gain exposure to Bitcoin through ETFs.
💰 BLACKROCK SETS 0.30% FEE FOR PROPOSED SPOT BITCOIN ETF (Reuters)
BlackRock has set a fee of 0.30% for its planned spot bitcoin exchange-traded fund, the asset manager disclosed on Monday. pic.twitter.com/HDJFt7hgt3
— PiQ (@PiQSuite) January 8, 2024