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BlackRock, Ark Fees Listed in Fresh Spot Bitcoin ETF Amendments
BlackRock Inc., ARK/21Shares and other spot bitcoin ETF hopefuls filed fresh amendments to their applications today as the Securities and Exchange Commission’s deadline to approve or deny the exchange-traded funds approaches. BlackRock, the world’s biggest ETF issuer, listed in its filing a management fee of 0.20%, undercutting the expenses proposed by rivals last week. ARK/21Shares, in their joint proposal, slashed their fee to 0.25% from 0.80%. BlackRock's fee jumps to 0.30% after 12 month or $5 billion. Fidelity Investments, Invesco Ltd. and Wisdom Tree Inc. were also among the companies filing updates to ... (full story)