These will be the fees of the first Bitcoin ETFs: from 0.24% to 1.5%

Bitcoin ETF fee

✍️ 8 January, 2024 - 17:20 👤 Editor: Jakub Motyka

  • Top applicants for spot Bitcoin (BTC) ETFs reveal the fees they will charge for their trades.
  • Bitwise features the lowest fee of the group, at 0.24%, on its updated Bitcoin ETF application, highlighting the intense competition in the cryptocurrency ETF market.
  • The latest news about cryptos on our Telegram channel.

In the midst of the final stretch for the approval of the first spot Bitcoin ETFs, several of the main applicants for these ETFs (Exchange-Traded Funds) have been updated their filings with the SEC (United States Securities and Exchange Commission) disclosing their respective commission rates.

This has made it possible to know that the commissions for operating with Bitcoin ETF through these investment mechanisms will be between 0.24 and 1.5%, depending on the company. The cheapest, for now, is going to be Bitwise; the most expensive, however, is Grayscale.

From 1.5% of Grayscale to 0.24% of Bitwise, this will be the commissions of the first spot Bitcoin (BTC) ETFs

Grayscale has announced a rate of 1.5% for its proposed Bitcoin ETF, revealing previously undisclosed rates. This rate is significantly higher compared to other options on the market.

On the other hand, BlackRock has set its commission at 0.3% for its Bitcoin ETF, positioning itself as a competitive option in terms of costs. This low percentage may be attractive to investors looking for a cheaper option.

VanEck currently offers one of the lowest rates among issuers, at 0.25%. This competitive rate positions VanEck as an attractive option for those looking to maximize their Bitcoin investments through an ETF.

WisdomTree has set a slightly higher fee, at 0.5%, for its Bitcoin ETF. Although higher than VanEck and BlackRock, it is still a competitive rate in the market.

ARK 21Shares has reduced its fee from 0.8% to 0.25% to improve its competitiveness. This significant reduction shows a clear effort to remain relevant and attractive in an increasingly competitive market.

Finally, Bitwise has updated the S-1 version of its Bitcoin ETF filing, featuring a 0.24% fee, the lowest of the group . This rate suggests an effort to attract cost-conscious investors in an increasingly crowded market.

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