Spot Bitcoin ETF fee war begins, issuers amend S-1 filings with lower sponsor fees

Issuers of potential spot Bitcoin ETFs that are awaiting SEC approval have filed amendments to their S-1 forms, which include new competitive fee rates — some as low as 0.20%.

Crypto ETF Fee Wars Heat Up Ahead of SEC Decision

The United States Securities and Exchange Commission's impending decision on spot Bitcoin (BTC) exchange-traded funds (ETFs) is fueling intense competition among applicants.

Multiple companies, including Valkyrie, WisdomTree, BlackRock, VanEck, Invesco, Galaxy, Grayscale, ARK Invest, and 21Shares, filed final S-1 amendments on Jan. 8, 9, and 10.

The fee war escalated as many applicants, like Bitwise, ARK Invest, 21Shares, VanEck, Fidelity, and BlackRock, revised their fees to attract investors. Some dropped fees to unprecedented levels, with ARK and 21Shares going from 0.80% to 0.25%, drawing praise from analysts.

While fee reductions historically haven't significantly impacted investor decisions, the unique nature of crypto ETFs may change the game. As the SEC commissioners prepare for a crucial vote, market insiders predict the ETF debut around Jan. 11, ushering in a new era of crypto investment accessibility.

Stay tuned for updates as the fee battle unfolds. 🚀💸 #CryptoETFApprovalProcess #SECDecision #FeeWars