Bitcoin ETF

Bitcoin

Spot

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 <p>In a move likely aimed at garnering a competitive edge, BlackRock has reduced the fees for its spot Bitcoin ETF. The world’s largest asset manager originally set fees at 0.30% but has now cut that rate to 0.25% ahead of an anticipated regulatory decision.</p> 
 <p>With speculation mounting that 2024 could finally be the year for a green light for a Bitcoin ETF, fund providers are jockeying for position. The latest fee revision represents BlackRock’s attempt to make its offering more appealing.</p> 
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    <p lang="en" dir="ltr">JUST IN: BlackRock cuts its spot #Bitcoin ETF fee to 0.25%.</p> 
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    </div> — Watcher.Guru (@WatcherGuru) January 10, 2024
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 <p><strong>Also read: Ethereum Breaches $2,400 While BTC Bleeds, Will ETH Hit $3,000 Soon?</strong></p> 
 <h2 class="wp-block-heading" id="h-blackrock-slashes-bitcoin-etf-fees"><strong>BlackRock slashes Bitcoin ETF fees</strong></h2> 
 <p>According to a recent filing, BlackRock has trimmed the fees for its Bitcoin ETF application to 0.25%. This matches fee proposals from competitors like ARK Invest and VanEck.</p> 
 <p>Additionally, BlackRock has dropped the discounts during an introductory period. For the first $5 billion in fund assets, the discount will be set to 0.12% for the initial 12 months.&nbsp;</p> 
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 <p>The revised fee structure aligns with other top ETF contenders, signaling an industry embrace of lower-cost Bitcoin investing options for mainstream investors.&nbsp;</p> 
 <p><strong>Also read: What Are The Spot Bitcoin ETF Fees?</strong></p> 
 <p>The fee change comes as expectations for possible SEC decisions reach a fever pitch. There are over a dozen ETF applications under review, but only a few providers are considered front-runners.</p> 
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 <p>BlackRock has stiff competition from established ETF issuers like Valkyrie. VanEck and Fidelity also filed high-profile applications last year that could have their day soon.</p> 
 <p>With so much on the line, major players are doing everything they can to get an edge. For BlackRock, lowering its proposed fee appears to be the latest strategy. &nbsp;</p> 
 <p>The recent fake Bitcoin ETF approval tweet by the US SEC also triggered a sudden market pump and a crash. Nevertheless, the crypto community is awaiting the approval of a Bitcoin ETF.</p> 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/blackrock-cuts-its-spot-bitcoin-etf-fee-to-0-25-tbt76150.html">https://thebittimes.com/blackrock-cuts-its-spot-bitcoin-etf-fee-to-0-25-tbt76150.html</a></p>

BlackRock Cuts Its Spot Bitcoin ETF Fee To 0.25%

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TheBitTimes

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