BlackRock, Ark lower fee for planned spot bitcoin ETFs

BlackRock, Ark lower fee for planned spot bitcoin ETFs

:BlackRock and Ark Investments said on Wednesday they were lowering the fees on their planned spot bitcoin exchange traded funds.

BlackRock would charge 0.25 per cent, compared with the 0.30 per cent fee set earlier. Ark Investments and 21Shares dropped their fee to 0.21 per cent from 0.25 per cent earlier.

The aspiring ETF managers have kicked off a fee war even before an approval from the U.S. Securities and Exchange Commission for such investment vehicles, stressing the urgency with which they are looking to grab a share of the expected capital inflow.

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