Currently, there is nothing else going on in the crypto space more important than spot Bitcoin approval, it’s the hot topic of 2024! It is expected that on the 10th of January, the SEC will approve the spot Bitcoin ETFs, which will open the crypto market for all institutional investors who are waiting for a regulatory-compliant way to get into the crypto market. Well, the news is still not official, so let’s hope we get the green signal from the SEC on the 10th of January. Before that, let’s get to know the latest update regarding those sport Bitcoin ETFs.
Recently, all the 11 spot ETF providers announced their ETF trading fees, which they will charge traders who will use their ETF services. In this article, we will look into it and see which provider is charging what fees and in what manner. So, let’s get started…!!
The List of Bitcoin Spot ETF Providers (Applied!)
Let’s understand the ETF providers who have filed their last amendment of the Bitcoin spot ETF to the SEC, and most probably will get the approval from the SEC on the 10th of January. Below is the list of 11 such providers who will be providing their BTC Spot ETF services shortly:
- Fidelity
- Franklin
- ArkInvest
- Grayscale
- BlackRock
- WisdomTree
- Invesco Galaxy
- Valkyrie
Among these, Grayscale will be converting their GBTC product into Bitcoin Spot ETF and is considered one of the strongest providers on the list. But we have strong player names in the list like BlackRock, VanEck, and others. It will be interesting to see what amount of money they bring and at what volume they trade!
Potential Fees That will be Charged Per Asset Management
As I already told you, these above-listed Asset Management Firms have S-1 final amendments, so we have the information about what will be the fees they will charge to users in return for providing these services. Let’s check them out one by one:
- VanEck – 25%
- Bitwise – 0.24% (First six months / $1 billion AUM no fees)
- Fidelity – 0.39%
- Franklin – 0.29%
- ArkInvest – 0.27% (First six months/$1 billion AUM no fees)
- Grayscale – 1.5%
- BlackRock – 0.20% (For first 12 months / $5 billion in AUM), Later 0.30%
- WisdomTree – 0.5%
- Invesco Galaxy – 0.59%
- Valkyrie – 0.8%
- Hashdex – No Information Available Yet
Ok, so apart from Hashdex, we have all the other 10 ETF providers who have finalized their fees. Among them, Grayscale has the highest percentage of the fees, but it is expected that they will adjust the fees to make it competitive in the market. Apart from that, every other Asset Management Firm is charging a decent amount of fees, somewhere around 0.3% - 0.4%. In this above picture, you can find the and their respective for the Spot Bitcoin ETFs and some other information as well!
It will be interesting to see how things will work out and how the crypto market will react to the approval-related news. For sure, the market will make some drastic moves, so be safe. In case you are playing with leverages, make sure you’ve put the stop losses!!
!! Thank You So Much for Reading !!
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