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Factbox-Companies disclose expected fees for spot bitcoin ETFs ahead of SEC decision

BlackRock (NYSE:BLK), VanEck, Ark Investments/21Shares and Bitwise, among others, said in filings with the U.S. Securities and Exchange Commission (SEC) that they expect to significantly undercut the average market rate for ETFs.

Their rates were well below the average rate analysts had anticipated as well as the range that some issuers had indicated. Analysts and academics noted that since all the ETFs would likely deliver the same return, their fees will be an important tool in attracting inflows of new assets.

A spot crypto ETF would track the market price of the underlying crypto asset, giving investors exposure to the token without having to buy the currency.

The SEC is expected to announce its decision on spot bitcoin ETF applications as early as this week. It had previously denied all such applications, citing potential for fraud.

Here are the fees disclosed by the companies:

Company Trust/ETF Fees Notes

name disclosed

BlackRock 0.25% Co says fees will

iShares be 0.12% for the

Bitcoin first $5 bln in

Trust assets for 12

months

Grayscale 1.5%

Investments Grayscale

Bitcoin

Trust

Fidelity 0.39%

Wise

Origin

Bitcoin

Trust

Ark Invest and 0.21% Will waive all fees

21Shares ARK for six months or

21Shares first $1 bln in

Bitcoin assets

ETF

VanEck 0.25%

VanEck

Bitcoin

Trust

WisdomTree 0.50%

WisdomTre

e Bitcoin

Trust

Valkyrie Digital 0.80% Co says it may

Assets Valkyrie temporarily waive

Bitcoin all or a portion of

Fund the fee “at its

discretion for

stated periods of

time” but that it

doesn’t intend to

do that “presently”

Invesco and 0.59% Will waive on first

Galaxy Digital Invesco $5 bln in assets

Galaxy for six months

Bitcoin

ETF

Franklin 0.29%

Templeton Franklin

Templeton

Digital

Holdings

Trust

Bitwise Asset 0.20% Co says it will

Management Bitwise waive fees on the

Bitcoin first $1 bln in

ETF assets

Hashdex 0.94%* Fees on current

Hashdex product; Co has

Bitcoin filed to convert

Futures bitcoin futures ETF

ETF into a spot bitcoin

ETF

Source: Regulatory filings with the U.S. SEC


Source: Economy - investing.com

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