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.
Fidelity listed a 0.39% fee, while Cathie Wood’s investment firm ARK and asset manager VanEck both announced fees of 0.25%. Invesco and Galaxy
Bitcoin ticked above $44,700 following the news.