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Wood’s Ark, 21Shares Unveil Fee on Pending Spot Bitcoin ETF
Cathie Wood’s ARK Investment Management and digital-asset firm 21Shares just became the first major applicant in the US spot Bitcoin ETF race to list a fee on their planned offering. The Ark 21Shares Bitcoin ETF would carry a management fee of 80 basis points, according to an updated filing Monday. That means if someone invests $100, they would be charged 80 cents. The application for the ETF, which will trade under the ticker ARKB, had previously listed 70 basis points in a placeholder capacity. With Monday’s amendment, Ark and 21Shares have fired the opening volley in what industry experts predict will be an ... (full story)