Four Bitcoin ETF Hopefuls Slash Fees Before Funds Even Launch
- Bitwise’s application has the lowest listed fee at 0.20%
- It’s ‘breathtaking’ how quickly issuers are cutting fees: BI
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The race-to-the-bottom on fees among prospective spot Bitcoin ETF issuers picked up speed with at least four companies slashing their costs.
Invesco, Bitwise, Valkyrie and WisdomTree lowered fees in their spot Bitcoin ETF applications, according to updated filings with the US Securities and Exchange Commission. Bitwise, which already had the lowest final fee of 24 basis points, dropped it even lower to just 20 basis points in Tuesday’s filing.