BlackRock and Invesco reveal their fees for Bitcoin ETFs


ETF applicants, including BlackRock and Invesco & Galaxy, have all announced fee reductions, raising tensions ahead of upcoming SEC approval.

BlackRock, Fidelity and ARK announce their Bitcoin ETF fees

BlackRockin his request S-1 declared to propose fees to 0.20% for the first 12 months launch of their Bitcoin Spot ETF. Subsequently, when the ETF reaches 5 billion dollarsthe fees will revert to the rates 30 bps.

Only 20 minutes after this announcement, ARK also announced its lower competitive rates at 0.25%. However, ARK is not the applicant offering the most advantageous rates among applicants since Bitwise offers rates by 0.24%. So what follows ARK and VanEck with 0.25% costs in the long term. For Invesco & Galaxythe costs will be free the first 6 months then will return to 0.59%.

Initially the experts, including James Seyffart had announced that rates would not go lower than 0.40%.

“These are serious moves by these ETF applicants. And honestly that’s what we expect when there is this turf war that forces others to lower their rates, to lower costs. This feels like a year-long ETF war condensed into a 24-hour period.”.he declares during his interview.

What consequences for Bitcoin and inflows?


Could this fee battle influence the price of Bitcoin? James Seyffart says he is more cautious since the results of the ETH ETFs. He states that the inflows could be 10 billion over the year following the launch of the ETFs.

However, MatrixPort renews its bearish prediction by forecasting bitcoin falling until $36,000.

Same thing for the trading expert Capo which provides for a rise above 50k. Then a readjustment to the old lowest at 30k dollars. A sudden fall therefore which would come from the end of a general FOMO and an ambient excitement around these ETFs.

Source: CoinDesk

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