News Explorer — BlackRock, Ark Invest/21Shares Cut Proposed Bitcoin ETF Fees

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Jan 10, 11:43 am

Coindesk

BlackRock, Ark Invest/21Shares Cut Proposed Bitcoin ETF Fees

BlackRock and Ark Invest/21Shares have both reduced the fees for their proposed Bitcoin ETFs ahead of the anticipated approval by the SEC. BlackRock will charge 12 basis points on the first $5 billion in assets for the first 12 months, settling at 25 basis points thereafter. Ark Invest/21Shares will waive the fee for the first six months or for the first $1 billion in assets, settling at 0.21%.

BlackRock and Ark Invest/21Shares have both reduced the fees for their proposed Bitcoin ETFs ahead of the anticipated approval by the SEC. BlackRock will charge 12 basis points on the first $5 billion in assets for the first 12 months, settling at 25 basis points thereafter. Ark Invest/21Shares will waive the fee for the first six months or for the first $1 billion in assets, settling at 0.21%.

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