Bitcoin ETF

Bitcoin

BlackRock

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-etfs-surge-as-blackrock-and-fidelity-lead-the-charge/" data-wpel-link="internal">Bitcoin ETFs Surge as BlackRock and Fidelity Lead the Charge</a> 
<a href="https://coin-turk.com/bitcoin-fiyati-teknik-analiz-ve-gelecek-hareketler-neleri-isaret-ediyor" data-wpel-link="internal">Bitcoin</a> (<a href="https://coin-turk.com/piyasa-duserken-bu-kripto-paralar-adeta-meydan-okuyor" data-wpel-link="internal">BTC</a>) price is hitting the roof, with growth spurred by companies like BlackRock and Fidelity <a href="https://en.coin-turk.com/what-is-blackrock/" data-wpel-link="internal">Investment</a>, which are currently leading the entry point for other spot <a href="https://en.coin-turk.com/analysis-of-bitcoin-charts-short-term-and-long-term-support-and-resistance-levels/" data-wpel-link="internal">Bitcoin</a> ETF issuers. Here’s the latest on ETFs! 
<h2 id="blackrock-s-success">BlackRock’s Success</h2> 
BlackRock Inc’s iShares Bitcoin Trust (IBIT) and Fidelity Investments’ Wise Origin Bitcoin Fund (FBTC) have outperformed their peers in the spot Bitcoin ETF market. Since their inception, both asset management firms have collectively captured 79% of all registered inflows in the spot Bitcoin ETF ecosystem. Since the United States Securities and Exchange Commission (<a href="https://en.coin-turk.com/institutional-investors-interest-in-crypto-continues-unabated/" data-wpel-link="internal">SEC</a>) approved the offering in January, BlackRock’s IBIT alone has garnered approximately $7.8 billion in inflows, followed by Fidelity’s FBTC with $4.8 billion. 
Several of these spot Bitcoin ETF issuers have made changes such as reducing sponsor fees, improving their products, and facilitating adoption. They are looking for ways to capture a significant percentage of the market by lowering their fees below those of the two market leaders, BlackRock and Fidelity. Last month, VanEck submitted a filing to the United States SEC detailing its intention to reduce the commission fee for its spot Bitcoin ETF by 5 basis points. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-322452 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/bc.jpg" alt="" width="1322" height="667"> 
<h2 id="the-latest-on-etfs">The Latest on ETFs</h2> 
The mentioned situation could mean that the spot Bitcoin ETF issuer aims to increase its commission fee from 0.25% to 0.20%. Similarly, Valkyrie Investment reduced its fee from 0.49% to 0.25%. Even Grayscale, which CEO Michael Sonnenshein once boasted about for its high 1.5% fee, plans to lower its fees after experiencing an outflow of over $7 billion. Currently, Franklin Templeton’s EZBC has the lowest commission fee, but this has not drawn enough attention to it. 
Up to the current position, Bitwise appears to be the only spot Bitcoin ETF issuer that has not made any adjustments to its fees, remaining at the 0.20% level. The heavy inflow into BlackRock and Fidelity likely contributed to the upcoming rise in Bitcoin prices. The <a href="https://coin-turk.com/binancenin-ios-uygulamasi-yeniden-kullanima-acildi" data-wpel-link="internal">cryptocurrency</a> surpassed $63,000 and may still signal an uptrend. At the time of writing, Bitcoin was trading at $62,156.93, up 0.63% in the last 24 hours. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-etfs-surge-as-blackrock-and-fidelity-lead-the-charge/" data-wpel-link="internal">Bitcoin ETFs Surge as BlackRock and Fidelity Lead the Charge</a></h5>

Bitcoin ETFs Surge as BlackRock and Fidelity Lead the Charge

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