Bitcoin Futures ETF Fee War Is Already Heating Up After One Day
- VanEck’s crypto ETF would be 30 basis points cheaper than BITO
- Lower fees are needed for new entrants stand out: Rosenbluth
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The race is on to cut costs in U.S. Bitcoin futures exchange-traded funds, just a day after the first ETF launched.
VanEck’s pending Bitcoin Strategy ETF (ticker XBTF) will carry a management fee of 0.65%, meaning $6.50 for every $1,000 invested. That would undercut the 0.95% expense ratio carried by the ProShares Bitcoin Strategy ETF (ticker BITO), which debuted on Tuesday.