Today: March 05, 2024
Today: March 05, 2024

BlackRock sets lower fee for spot bitcoin ETF compared to peers

Share This
BlackRock sets lower fee for spot bitcoin ETF compared to peers
January 08, 2024

(Reuters) - BlackRock has set a fee of 0.30% for its planned spot bitcoin exchange-traded fund, which is notably lower than those charged by some peers.

The asset manager disclosed the fee for its iShares Bitcoin Trust on Monday. In comparison, Valkyrie Investments and Fidelity are charging fees of 0.80% and 0.39%, respectively, for their planned spot bitcoin ETFs.

The bitcoin ETF race has heated up with more than a dozen participants, including crypto natives such as Grayscale and traditional finance heavyweights including BlackRock, vying for a slice of the market share.

Euphoria around the investment vehicle has propelled the price of bitcoin and helped shore up confidence in the industry that was rattled by the FTX meltdown in November 2022.

ARK 21Shares Bitcoin ETF, another proposed ETF, also set a fee of 0.25% on Monday.

(Reporting by Niket Nishant in Bengaluru; Editing by Shinjini Ganguli)


What you should know from the opening of China's legislature

China’s Premier Li Qiang promoted an image of confidence as he announced modest economic growth goals for the country at one of its most important political gatherings

US Navy says USS John Finn conducted routine south-to-north Taiwan Strait transit

BEIJING (Reuters) - The Arleigh-Burke guided missile class destroyer USS John Finn conducted a routine south-to-north Taiwan Strait transit on March 5, the U.S. Navy said in a statement on Tuesday.

Analysis-Chinese developers resume UK commercial property retreat

By Iain Withers and Marc Jones LONDON (Reuters) - Some big Chinese developers are set to offload more real estate in Britain to raise cash, property agents say, making the most of a slowly thawing

Blackrock sees India, Indonesia as promising for investment opportunities

JAKARTA (Reuters) - U.S. investment firm BlackRock sees India and Indonesia as two Asia-Pacific countries offering a lot of investment opportunities, its head of research for the region said on

Cryptoverse: Asian traders give bitcoin blast-off

By Jihoon Lee and Jaspreet Kalra SEOUL/MUMBAI (Reuters) - Bitcoin's runaway rally is being driven by investors in Asia.

Analysis-Boeing's Spirit Aero bid could help supply chain but is no cure-all

By Allison Lampert and Abhijith Ganapavaram (Reuters) - Boeing's possible takeover of Spirit AeroSystems, along with delaying plans to ramp up production of 737 MAX jets, could help the planemaker


Thousands of Korean doctors face license suspensions as Seoul moves to prosecute strike leaders

Thousands of striking junior doctors in South Korea are facing proceedings to suspend their medical licenses Tuesday

AI pervades everyday life with almost no oversight. States scramble to catch up

Lawmakers in at least seven states are taking big legislative swings to regulate bias in artificial intelligence

Miami Beach is breaking up with spring break — or at least trying to

Miami Beach is trying to break up with spring break, but it’s not yet clear whether spring break will take the hint

Stocks skid as China's NPC disappoints, bitcoin nears record

By Kevin Buckland TOKYO (Reuters) - Chinese stocks stumbled on Tuesday, dragging Asian peers with them, as investors showed their disappointment at Beijing's plans to support the economy as its week-

- Advertisement -
Advertisement: Limited Time Offer