BlackRock, Other Potential Bitcoin ETF Providers Reveal Fees

JBp8...jVyK

9 Jan 2024

BlackRock, Fidelity, and other applicants to list a spot bitcoin exchange-traded fund (ETF) in the U.S. have revealed their fees as the crypto industry awaits the final approval from the Securities and Exchange Commission.
BlackRock said in its final S-1 filing that its fee will start at 20 basis points for the first 12 months until the fund reaches $5 billion and then settles at 30 bps. 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 has revealed its fee is 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.
Cathie Wood’s investment firm ARK and its custodian 21Shares announced a fee of 0.25%, the same as VanEck. Valkyrie set a fee of 0.8% for its ETF

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.
Cathie Wood’s investment firm ARK and its custodian 21Shares announced a fee of 0.25%, the same as VanEck. Valkyrie set a fee of 0.8% for its ETF.
STORY CONTINUES BELOW

Recommended for you:

Bitcoin ticked toward $45,000 on the news, up around 1.8% in the last 24 hours. At press time, BTC was trading at $44,865.

UPDATE (Jan. 08, 12:25 UTC): Adds additional detail and context on the providers' fees and updates BTC price.
Edited by Sheldon Reback.
Newsletter

Every Wednesday
Crypto
Long
&
Short
Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor.
Enter your Email
Sign Up
By clicking ‘Sign Up’, you agree to receive newsletter from CoinDesk as well as other partner offers and accept our terms of services and privacy policy.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.
Jamie Crawley
Jamie Crawley is a CoinDesk news reporter based in London.
Follow @JamieCrawleyCD on Twitter
Ian Allison
Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.
Follow @IanAllison123 on Twitter
Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.
Read more about
Bitcoin ETF
BlackRock
Ark
Fidelity
VanEck
For You

Incredible, the TV box everyone is talking about: Access all channels?Smart TV

Psychological Therapy Might Be Cheaper Than You Think!Psychological Therapy | Search ads

Surabaya: You Might Be Surprised By The Price Of Sofas In MexicoSofas In Mexico | Search Ads

Last Week Highlights

02/01 TUE

Polymarket Traders See 89% Chance of SEC Approving Spot BTC ETF by Jan. 15
Bitcoin Bullish Bets Costlier Than Ever as Funding Rates Hit Record 66%
Wild Trading Session Sees Tellor’s TRB Token Slide From $720 to $180 in Hours

08/01 MON

05/01 FRI

If a Bitcoin ETF Is Approved, Here’s What May Happen
Arthur Hayes Foresees 30% Bitcoin Crash Amid 'Vicious Washout.' Here's Why
Final Bitcoin ETF Application Filings Get Posted by Major U.S. Exchanges

04/01 THU

Expected Fed Rate Cuts Support Bull Case in Bitcoin, But There Is a Catch
Bullish Bitcoin Market Sentiment at Display as 'Buy the Dip' Mentions Soar
India's Digital Rupee Crossed a Million Transactions in 1 Day With Some Help From Banks

03/01 WED

Bitcoin Slumps as $400M Liquidated in Two Hours
Bitcoin Spot ETF Proposals to Be Rejected by SEC: Matrixport
Michael Saylor Commences Plan to Sell $216M Worth of MicroStrategy Shares

02/01 TUE

08/01 MON

ARK's ETF Rebalancing Continues With $20.6M Coinbase Sale
Bitcoin, Asian Stocks Drop as Traders Pare March Fed Rate Cut Bets
Moedas Solana Meme apresentam queda de preço de 80% após frenesi de dezembro

Top Enterprise GRC Software | Search HereGRC Tools | Search Ads

About
About
Masthead
Contributors
Careers
CoinDesk News
Stay Updated
Events
CoinDesk Studios
Newsletters
Follow
Get In Touch
Contact Us
Advertise
Accessibility Help
Sitemap
The Fine Print
Ethics Policy
Privacy
Terms Of Use

Update My Cookie Consent

Do Not Sell My Personal Information

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.
©2024 CoinDesk
English