Bitcoin ETF war enters end game: BlackRock, Ark cut planned fees

BlackRock and Ark Invest dropped management fees for their planned spot bitcoin ETFs on Wednesday, the latest moves in a fee war for prospective investors ahead of potential approval.

The world’s largest asset manager initially proposed fees of 0.30% (30 basis points) for its iShares Bitcoin Trust, but has since revised that price point down to 0.25%. BlackRock also plans to charge 0.12% (12 basis points) for the first 12 months, or $5 billion in assets under management — whichever comes first.

Ark Invest, which filed its spot bitcoin ETF with 21Shares, also adjusted the planned cost of its planned proposed fund, from 0.25% to 0.21%. It also intends to implement a fee waiver, but…

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