Bloomberg ETF Analyst: BlackRock's rate drops to 0.2%, ARK 21Shares' rate drops to 0.25%
ChainCatcher news, Bloomberg ETF analyst Eric Balchunas stated on social media that Bitcoin spot ETF issuers are caught in an intense fee competition. BlackRock's rate is 0.20% for the first 6 months or until it reaches $50 billion, after which it will be 0.30%. BlackRock's low fee strategy puts significant pressure on its competitors.
It is reported that ARK 21Shares has reduced its fees from 0.8% to 0.25% in the newly submitted S-1 filing.
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