It is expected that the approval results of the Bitcoin spot ETF may be announced early next week. Currently, only 6 of the 13 applicants have disclosed their management fee standards. All funds will hold the same asset (i.e. Bitcoin) and fees will be a key factor differentiating the funds.
"The standard of fees is going to be critical," said James Seyffart, an ETF analyst at Bloomberg Intelligence. "I don't think issuers have to offer the absolute lowest rates. But I do think it's unlikely that they can charge exorbitant fees and still maintain Competitiveness."
Fidelity rates its fee at 0.39%, which is significantly lower than other companies. ARK, 21Shares, and Valkyrie plans set rates at 0.80%. Invesco and Galaxy announced that they would waive fees for the first six months and for the first $5 billion of assets, and will charge 0.59% thereafter. According to the analysis, rates are extremely important in this specific category, and other large asset managers such as BlackRock have not yet announced their rates, but they are expected to be between 0.40% and 0.80%. (CoinDesk)