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Spot bitcoin ETF applicants file amended S-1 forms in final step toward approval
Multiple applicants have filed amended S-1 forms in the final step in the process before a potential spot bitcoin ETF approval. BlackRock, Ark Invest/21Shares, VanEck, WisdomTree, Invesco, Fidelity and Valkyrie have all filed amended S-1 forms. Included in the filings are some of the sponsor fees, which have not previously been announced. BlackRock has set its sponsor fee at 0.3% — although this will be even lower at 0.2% for the first year, or until the ETF hits $5 billion in assets. VanEck has gone for the joint lowest permanent fee out of the issuers so far at 0.25%. WisdomTree has gone for a higher 0.5% fee. ... (full story)
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Valkyrie, Wisdomtree, Invesco/Galaxy, iShares, Ark/21Shares, Vaneck have all filed updated S-1 filings with the U.S. SEC for Bitcoin spot ETF applications. Bloomberg previously reported that the SEC plans to vote in the coming days. https://t.co/oHCYhKM2Le
— Wu Blockchain (@WuBlockchain) January 8, 2024
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Damn, the fee for BlackRock’s Bitcoin ETF will be 0.30% as per their just filed S-1. This is much cheaper than I predicted. Life just got a LOT tougher for everyone else. The ETF Terrordome is no joke. pic.twitter.com/RZrfO8x61s
— Eric Balchunas (@EricBalchunas) January 8, 2024