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<ul class="news-points"> 
 <li>BlackRock and Ark Investment slash their spot Bitcoin ETF fees.&nbsp;</li> 
 <li>Updated filings show BlackRock cut its fees from 0.30% to 0.25%.&nbsp;</li> 
 <li>Ark Investment will now charge 0.21% on its ETF, lower than the 0.25% disclosed on Tuesday.</li> 
</ul> 
BlackRock and Ark Investment, two of the financial institutions in the spot Bitcoin Exchange-Traded Fund (ETF) race, have lowered their fees, a Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-01-10/blackrock-ark-slash-bitcoin-btc-etf-fees-again-ahead-of-sec-deadline" target="_blank" rel="nofollow">report</a> details.&nbsp;&nbsp; 
According to that report, updated filings by the two managers with the US Securities and Exchange Commission (SEC) evidence these changes to their ETFs. BlackRock now plans to charge 0.25% on its ETF, significantly lower than the 0.30% earlier announced, the updated <a href="https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&amp;CIK=0001980994&amp;owner=include&amp;count=40" target="_blank" rel="nofollow">filing</a> shows.&nbsp;&nbsp; 
Furthermore, the asset manager also lowered its introductory offer on its spot Bitcoin ETF. Instead of the 0.20% fee offer, investors will now pay a 0.12% fee in the first 12 months or for the first $5 billion in assets.&nbsp; 
Meanwhile, Ark Investment reduced the fee on its ETF by four basis points to 0.21%, the updated <a href="https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&amp;CIK=0001869699&amp;owner=include&amp;count=40" target="_blank" rel="nofollow">filing</a> reveals. On Tuesday, the asset manager disclosed a proposed fee of 0.25% on the fund. Invesco and Galaxy also reduced the fees they plan to charge on their ETF to 0.39%…
The post <a href="https://coinedition.com/bitcoin-etf-fee-wars-blackrock-ark-lower-fees-ahead-of-approval/">Bitcoin ETF Fee Wars: BlackRock, Ark Lower Fees Ahead of Approval</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin ETF Fee Wars: BlackRock, Ark Lower Fees Ahead of Approval

Coin Edition

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