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International Business Times

Business

Nica Osorio

Bitcoin ETF Fee War Persists As BlackRock, ARK 21Shares Cut Fees Ahed Of SEC Decision

Bitcoin ARK SEC BlackRock 21Shares ETF Bitwise Eric Balchunas Trust Valkyrie

Single bitcoin with gold reflection on top of background of scattered U.S. 100 dollar bills. (Credit: QuoteInspector.com/flickr)

The fee war among spot Bitcoin exchange-traded fund (ETF) hopeful issuers continued as BlackRock, ARK, 21Shares, WisdomTree and Valkyrie all modified their fee structures in an attempt to gain a competitive edge in advance of the U.S. Securities and Exchange Commission (SEC) ruling on the applications.

The SEC is required to make a decision on ARK Invest and 21Shares' spot Bitcoin ETF proposal on Wednesday. However, the day before, several issuers submitted their modified fee structures after Monday filings showed highly competitive Bitcoin ETF fees.

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One subscription that gives you access to news from hundreds of sites

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FL Declares Emergency in 25 Counties as Gulf Depression Could Become Season's First Hurricane, Residents Warned

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