A total of 11 asset management firms controlling trillions of dollars worth of investments have submitted their S-1 final amendments for Spot Bitcoin ETF. Reports suggest the U.S. Securities and Exchange Commission (SEC) could approve the Spot Bitcoin ETF this month in January 2024. There is a 95% probability that the Bitcoin ETF could be approved by the end of this week, reported Bloomberg.
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The 11 asset management firms that have submitted their Spot Bitcoin ETF S-1- final amendments are BlackRock, Grayscale, ArkInvest, Fidelity, Franklin, VanEck, Valkyrie, Bitwise, Hashdex, WisdomTree, and Invesco Galaxy. While the majority of the firms have submitted their S-1 final amendments, the rest are in the process of filing.
Fees That Asset Management Firms Will Charge For Spot Bitcoin ETF
The leading asset management firms will provide Spot Bitcoin ETF services to their institutional clients at minimal cost as fees. Also, below are the fees that the trillion-dollar worth of asset management firms will charge clients for Spot Bitcoin ETF services.
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- BlackRock – Fees will be marked 0.20% for the first 12 months / or until the first $5 billion in assets. The fees from the 13th month will go up to 0.30%.
- ArkInvest – NO FEE for the first 6 months / or until $1 billion in assets. The fees go up to 0.25% from the 7th month onwards.
- Fidelity – 0.39%
- VanEck – 0.25%
- Valkyrie – 0.8%
- WisdomTree – 0.5%
- Invesco Galaxy – 0.59%
- Grayscale – 1.5%
- Franklin – 0.29%
- Bitwise – First 6 months / or $1 billion AUM with no fees. The fees goes up 0.24% from the 7th month.
- Hashdex – Fees yet to be revealed.
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However, given the size of the Grayscale asset management, it can be expected that the BTC ETF fees could be relatively low. Moreover, the same goes for Franklin and Bitwise, as investors can expect the BTC ETF fee to be below the 0.9% markup.