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Bitcoin ETF

Bitcoin

<ul> 
 <li>The corporations in question recently submitted their final Form S-1 modifications to the SEC.</li> 
 <li>ARK and 21Shares will not charge a fee of 0.25% on the first $1 billion in transactions.</li> 
</ul> 
Big names in finance, including <a href="https://thenewscrypto.com/blackrock-reportedly-plans-3-workforce-cut-amidst-etf-pursuit/" target="_blank" rel="noreferrer noopener">BlackRock</a>, Ark, Fidelity, Invesco, Galaxy Digital, <a href="https://www.wisdomtree.com/" target="_blank" rel="noreferrer noopener nofollow">WisdomTree</a>, and Valkyrie, have taken a bold step toward launching the first Bitcoin exchange-traded fund (ETF) in the U.S as the deadline of January 10th draws near. 
The corporations in question recently submitted their final Form S-1 modifications to the <a href="https://thenewscrypto.com/sec-issues-fomo-warning-ahead-of-potential-bitcoin-etf-approvals/" target="_blank" rel="noreferrer noopener">SEC</a>, marking a significant turning point in the history of the crypto sector. 
In a calculated move to entice investors, a number of applicants have announced steep cost reductions for their potential ETF offerings. To illustrate, during the first six months after listing, ARK and <a href="https://21shares.com/" target="_blank" rel="noreferrer noopener nofollow">21Shares</a> will not charge a fee of 0.25% on the first $1 billion in transactions. 
The first six months or $5 billion in transactions will incur an initial cost of 0.2% from BlackRock, followed by an increase to 0.30%. The fierce rivalry among issuers to get a portion of this new market is evident in these initiatives. 
<h3 class="wp-block-heading" id="h-watershed-moment">Watershed Moment</h3> 
In the following days, the crypto world will eagerly await the judgment of the SEC. These ETFs might be available for trading the next business day if the exchange’s filings (19b-4s) and the issuers’ S-1 forms are approved. 
The SEC has always been reluctant to approve such products, mostly because of worries about investor protection and market manipulation, so this change is very noteworthy. 
A spot Bitcoin ETF’s approval may be a watershed moment for cryptocurrencies, opening the door to billions of dollars in capital from both individuals and institutions. The industry is keeping a careful eye on the clock since the decisions made by the SEC in the next few days have the potential to drastically alter the crypto investing setting. 
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Spot Bitcoin ETF Applicants Lure Investors with Cost Slashes

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