Bitcoin ETF

Bitcoin

<img width="1260" height="710" src="https://coingape.com/wp-content/uploads/2023/11/Bitcoin-ETF-2.jpg" class="attachment-full size-full wp-post-image" alt="Bitcoin ETF Blackrock Ark Investments" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/11/Bitcoin-ETF-2.jpg 1260w, https://coingape.com/wp-content/uploads/2023/11/Bitcoin-ETF-2-300x169.jpg 300w, https://coingape.com/wp-content/uploads/2023/11/Bitcoin-ETF-2-1224x690.jpg 1224w, https://coingape.com/wp-content/uploads/2023/11/Bitcoin-ETF-2-768x433.jpg 768w, https://coingape.com/wp-content/uploads/2023/11/Bitcoin-ETF-2-678x381.jpg 678w, https://coingape.com/wp-content/uploads/2023/11/Bitcoin-ETF-2-150x85.jpg 150w" sizes="(max-width: 1260px) 100vw, 1260px">
In a rising competition in the <a href="https://coingape.com/education/bitcoin-spot-etf/" target="_blank" rel="noopener">Spot Bitcoin ETF</a> race, BlackRock and Ark Investments have engaged in a preemptive fee war, announcing reductions in the fees for their proposed Bitcoin exchange-traded funds (ETFs). Meanwhile, the recent S-1 filings reveal a strategic maneuver to attract investors, even before securing approval from the U.S. Securities and Exchange Commission (SEC), signaling the intensity of the competition for a stake in the anticipated capital inflow. 
<h2 id="blackrock-ark-21shares-s-new-s-1-filings">BlackRock &amp; Ark 21Shares’s New S-1 Filings</h2> 
Amid the soaring speculations in the global crypto landscape, the new S-1 filings from BlackRock and Ark Investments have gained notable traction from crypto market enthusiasts. The week has witnessed a flurry of developments from the key ETF players in the U.S., with almost all the firms having updated their S-1 filing, ahead of the potential SEC approval. 
Notably, according to the <a rel="nofollow" href="https://www.sec.gov/Archives/edgar/data/1980994/000143774924001043/bit20240109_s1a.htm" target="_blank">latest S-1 filings of BlackRock</a> for its iShares Bitcoin Trust, the firm has adjusted its proposed fee from 0.30% to a more competitive 0.25%, aiming to position itself favorably in the growing market. Simultaneously, Ark Investments, in collaboration with 21Shares, has <a rel="nofollow" href="https://www.sec.gov/Archives/edgar/data/1869699/000119312524005412/d549524ds1a.htm" target="_blank">lowered</a> its fee to 0.21% from the previously set 0.25%. 
Notably, this fee reduction race emphasizes the urgency among ETF managers to gain an edge in the evolving landscape, even ahead of regulatory approval. 
Also Read: <a href="https://coingape.com/binance-delists-btc-eth-bnb-ltc-floki-spot-trading-pairs/" target="_blank" rel="noopener">Binance Delists BTC, ETH, BNB, LTC, FLOKI Spot Trading Pairs</a> 
<h2 id="strategic-bitcoin-etf-filings-adjustments">Strategic Bitcoin ETF Filings Adjustments</h2> 
Amid the rush to meet the SEC’s final deadline for Bitcoin exchange-traded product (ETP) filings, significant players in the market are adjusting their strategies. However, the optimism over a Spot Bitcoin ETF witnessed a pause today due to a <a href="https://coingape.com/x-confirms-us-sec-account-was-compromised-amid-bitcoin-etf-hype/" target="_blank" rel="noopener">false SEC approval post</a>, identified as a hacking incident. 
However, the focus remains on strategic adjustments in fees, waivers, and custodial relationships as the industry awaits the SEC’s decision on these investment vehicles. 
As reported by <a href="https://coingape.com/bitcoin-etf-race-heats-up-as-firms-reduce-fees-in-final-push-before-sec-verdict/" target="_blank" rel="noopener">CoinGape earlier</a>, Bitwise ETF, listed as BITB, is offering a fee waiver for six months or until the fund reaches $1 billion in assets, after which it will charge a reduced fee of 0.20%. On the other hand, Fidelity Wise has also entered the fray, reducing its fee to 0.25% with a waiver period until July 31 for FBTC. 
As the countdown to the SEC decision continues, these strategic moves underscore the fierce competition among ETF managers, with each vying for a competitive edge in the evolving cryptocurrency investment landscape. 
Also Read: <a href="https://coingape.com/shiba-inu-burn-rate-jumps-27510-amid-soaring-shib-whale-accumulation/" target="_blank" rel="noopener">Shiba Inu Burn Rate Jumps 27510% Amid Soaring SHIB Whale Accumulation</a> 
The post <a href="https://coingape.com/breaking-blackrock-and-ark-21shares-slash-bitcoin-etf-fees-in-new-s-1-filings/">Breaking: BlackRock and ARK 21Shares Slash Bitcoin ETF Fees In New S-1 Filings</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Breaking: BlackRock and ARK 21Shares Slash Bitcoin ETF Fees In New S-1 Filings

Table of Contents

Coingape News Media

Other articles published on Jan 10, 2024

Fidelity trading app displays spot Bitcoin ETF tickers

Cardano Price Explosion: Crypto Analyst Predicts ADA Price To Hit $6

US Senators Demand Information on SEC’s Hacked Twitter Account

Ripple’s Legal Battle with the SEC: A Turning Point Approaches

Bitcoin Price As Investors Prepare To Sell The News Post BTC ETF Approval, Bullish Or Bearish Sig...

3 Cryptos to turn $1 into $20 by the end of 2024

Join our free newsletter for daily crypto updates!