After months of court cases and endless filings, the Securities and Exchange Commission looks poised to approve the first spot Bitcoin ETFs this week. In anticipation of the floodgates opening, issuers are attempting to undercut each other by offering low fees to investors.
If the SEC moves forward with spot Bitcoin ETFs, which provide investors exposure to the current price of Bitcoin without having to hold the volatile cryptocurrency, it will kick off a race between major players like BlackRock and Fidelity that are hoping to plant a flag in a market potentially worth billions.
