While the cryptocurrency market and investors were focused on the SEC's spot Bitcoin ETF decision, a new development occurred.
According to the latest information at this point, the companies that applied for ETFs, BlackRock, İnvesco Galaxy, Valkyrie, VanEck, ARK and WisdomTree, have updated their spot Bitcoin ETF applications.
This was an expected development. ETF approvals are expected on Wednesday.
Additionally, according to Reuters, BlackRock said in a statement today that it has set a 0.30% fee for the spot Bitcoin ETF.
Apart from BlackRock, other companies have also announced the transaction fees they set for spot Bitcoin ETFs. Accordingly, while ARK Invest reduced the transaction fee to 0.25%, the company that set the most expensive transaction fee was Valkyrie with 0.8%.
Apart from these, VanEck charges a transaction fee of 0.25%; WisdomTree determined it as 0.5%.
But wait, ARK just dropped their fee to 0.25% in an S-1 filed 20 minutes after BlackRock’s. Told y’all the fee war would break out bf they even launched. And this is w out Vanguard on the mix. Damn. pic.twitter.com/QVRhEXzLey
— Eric Balchunas (@EricBalchunas) January 8, 2024
