The most recent regulatory filings reveal that prominent Wall Street entities such as BlackRock, ARK Invest, and Fidelity have disclosed customer fees associated with their forthcoming spot bitcoin ETF products, currently awaiting potential approval from the Securities and Exchange Commission later this week.
BlackRock intends to initiate its fee at 0.20% during the initial 12 months, continuing until the fund reaches $5 billion in assets. Subsequently, the fee is set to increase to 0.30%, as outlined in its S-1 filing. Comparatively, Fidelity has established a higher fee of 0.39%, while Valkyrie plans to implement a fee of 0.80%, according to information from a CoinDesk report.
Invesco and Galaxy's fund will adopt a different approach by not charging any fees for the initial six months, after which a 0.59% fee will be introduced. WisdomTree has set its fee at 0.50%. Notably, ARK Invest and 21Shares will waive fees for the first 12 months or until the fund accumulates $1 billion in assets under management, after which a 0.25% fee will be applied. Similarly, VanEck will charge a 0.25% fee.
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