About the Revised Filing
BlackRock and VanEck have submitted updated applications for their proposed bitcoin ETFs to the SEC, addressing concerns raised during the initial phase. The revised filings now include measures to handle insolvency and potential conflicts of interest, ensuring transparency and accountability.
Fee Structure of These Applications
The proposed Bitcoin ETFs from Bitwise, Ark/21Shares, and BlackRock feature significantly lower fee structures, making them more appealing to institutional investors. Bitwise’s offering, for example, has a fixed fee of 0.24%, while Ark/21Shares follows closely behind with a fee of 0.25%. Even BlackRock’s fee, at 0.3%, is lower than the fees charged by some existing ETFs, making it an attractive option for investors seeking cost efficiency and transparency.
Hot Take: Opportunities in the Bitcoin ETF Market
As BlackRock and VanEck revise their bitcoin ETF applications, the focus has shifted to addressing concerns raised by the SEC. With lower fee structures and measures to handle insolvency and conflicts of interest, these proposed ETFs could provide new opportunities for institutional investors seeking to enter the crypto market.
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