BlackRock, Fidelity and other applicants to list a spot bitcoin exchange-traded fund (ETF) in the U.S. revealed their fees as the crypto industry awaits approval from the Securities and Exchange Commission.
BlackRock said in its final S-1 filing that its fee will start at 0.20%for the first 12 months until the fund reaches $5 billion and then settles at 0.30%. The figure is lower than that predicted by Bloomberg Intelligence’s ETF analyst James Seyffart, who said last week he expected BlackRock and Fidelity to charge 0.39%. Fidelity announced fees in line with Seyffart’s prediction. With as many as 13 ETFs possibly set to list in the U.S. in the coming days, providers are seeking ways of differentiating themselves from their rivals and setting enticing fees is one of their main tools in doing so.
As previously reported, Invesco and Galaxy are waiving their fee entirely for the first six months until its fund reaches $5 billion in assets. Thereafter, a fee of 0.59% will apply.
U.S. Senator Chris Murphy (D-Conn.) is calling for legislation to ban prediction markets that allow traders to bet…
The U.S. Internal Revenue Service (IRS) has proposed a new rule that would allow cryptocy brokers to deliver…
Global fintech powerhouse Revolut has filed an application for a U.S. banking license, a move that would allow…
A man accused of stealing tens of millions of dollars in cryptocy from U.S. government…
Intercontinental Exchange (ICE) — the parent company of the New York Stock Exchange — has taken a strategic…
A new study from the Bitcoin Policy Institute (BPI) found that leading artificial intelligence models overwhelmingly favor Bitcoin…