BlackRock sets low fee for new spot bitcoin ETF By Investing.com

25 views 9:49 am 0 Comments January 10, 2024

As the industry gears up for the launch of spot bitcoin ETFs in the United States, pricing strategies are becoming a critical battleground for major players. BlackRock’s aggressive pricing is part of its strategy to attract investors to its offering. However, the company has indicated that this low fee will increase once the ETF reaches a certain threshold of assets under management.

This pricing announcement comes at a time when investment firms are eagerly awaiting regulatory approval to offer spot bitcoin ETFs to U.S. investors. These financial products are designed to track the price of bitcoin directly, allowing investors to gain exposure to the cryptocurrency without having to purchase it directly.


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