Bitcoin ETF

Bitcoin

<div class="cryptonews"> 
 <p class="is-style-lead">BlackRock cuts its fee for the potential Bitcoin ETF, looking to crush the competition before the products even reach the market.</p> 
 <p>BlackRock, a global investment management behemoth, has announced a significant fee reduction for its spot Bitcoin (BTC) exchange-traded fund (ETF), setting a new competitive standard in the cryptocurrency investment space. This is a significant play by the world’s top asset management firm amid fierce competition in the still unexisting United States Bitcoin spot ETF space.</p> 
 <h2 class="wp-block-heading" id="the-race-to-the-bottom">The race to the bottom</h2> 
 <p>Similarly, Ark Invest also decreased its fee to 0.25%. Bitwise chose a slightly different approach by offering zero fees for the first six months or until the fund reaches a certain size. After that, the fund will charge 0.39% — down from the previous 0.59%.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Fidelity cuts proposed spot Bitcoin ETF fee to 0.25% amid industry fee competition 
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 <p>According to a Jan. 10 tweet by Eric Balchunas — a senior ETF analyst at Bloomberg — BlackRock has reduced the fee on its spot Bitcoin ETF to 0.25% and even further to 0.12% for the first $5 billion. The move is seen as an aggressive strategy to outpace competitors in the burgeoning ETF market for cryptocurrencies.</p> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">LOWER: BlackRock has just cut the fee on its spot Bitcoin ETF to 0.25% (and 0.12% for the first $5b). They really going for the jugular here, looking to crush the others bf they even born, just brutal. ARK has also cut to 0.21%. Bitwise curr low at 0.20%. Terrordome life. pic.twitter.com/PtSrvAinbW</p>— Eric Balchunas (@EricBalchunas) January 10, 2024
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 <p>Balchunas highlighted that this fee cut is a bold play by BlackRock, aiming to dominate the market even before other products have a chance to establish themselves. The intense competition is indicative of the expected demand and investment interest in digital assets, suggesting a fierce battle for market share among ETF providers.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Bitcoin dips 3% on false SEC spot Bitcoin ETF approval 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/blackrock-races-to-the-bottom-with-new-bitcoin-etf-fee-tbt76164.html">https://thebittimes.com/blackrock-races-to-the-bottom-with-new-bitcoin-etf-fee-tbt76164.html</a></p>

BlackRock races to the bottom with new Bitcoin ETF fee

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