Bitcoin
2024 - 1 - 8Bitcoin ETF Fee War: Race to Zero Fees Explodes
Bitcoin - Bitcoin ETF applications - Bitcoin prices - BlackRock - Crypto industry - ETF - Gary Gensler - Market frenzy - SEC approvalDiscover the latest fee battles and predictions surrounding the imminent Bitcoin ETF approval.
As the anticipation for the approval of spot bitcoin exchange-traded funds (ETFs) reaches a fever pitch, investment managers are engaging in a fierce fee war to attract investors. BlackRock has set the stage by announcing a remarkably low fee of just 0.2% for its Bitcoin ETF, igniting a race to zero fees among competitors. The SEC is under pressure from both sides, with warnings of a potential historic mistake if Bitcoin ETFs receive approval. Gary Gensler's crypto warnings coincide perfectly with the heightened scrutiny surrounding the decision.
Despite the uncertainties and warnings, over 10 bitcoin ETF hopefuls have already disclosed their fees, signaling the early stages of the race to zero fees. The market is abuzz with speculations on how the approval of spot bitcoin ETFs will impact the crypto industry, with predictions of market flying once the SEC gives the green light. Mathematically modeled anticipations of bubbles and crashes in the Bitcoin industry add a layer of complexity to the already tense situation.
In a surprising turn of events, the market saw a sudden uptick in Bitcoin prices, with spot Bitcoin reaching $47,000 for the first time since April 2022. The market frenzy is further fueled by the potential approval of the spot Bitcoin ETFs, leading to the liquidation of $155 million in shorts within 24 hours. Investors are eagerly awaiting the final deadline for Bitcoin ETF applications, with hopes of a game-changing introduction to the market.
Would-be spot bitcoin ETF issuers kick off fee war ahead of approval ... (Reuters)
A raft of investment managers on Monday disclosed the fees they plan to charge for their proposed spot bitcoin exchange-traded funds (ETF), in another step ...
Bitcoin ETF expected for Wednesday—but some fret about being ... (Fortune)
The letter warned the SEC that it would be a “grave if not historic mistake” to approve Bitcoin ETFs, and that doing so would put a U.S. stamp of approval on “a ...
Price war for spot bitcoin ETF heats up ahead of key SEC ruling (Financial Times)
A fee war has broken out among the asset managers hoping to launch spot bitcoin exchange traded funds in the US, even though the US regulator has not yet ...
BlackRock ignites fee war in Bitcoin ETF race: 'Much cheaper than I ... (DL News)
The spot Bitcoin exchange-traded fund fee war is heating up. BlackRock will charge its Bitcoin ETF investors just 0.2% for the first year.
Bitcoin ETFs: The Bull Case (Coindesk)
One train of thought says that SEC approval of spot bitcoin ETF will send the market flying. Here's how that could play out. In a separate post, ...
Gary Gensler issues crypto warning amid Bitcoin ETF decision (crypto.news)
SEC Chairman Gary Gensler's recent crypto warnings coincide with major asset managers filing for Bitcoin ETF approval, signaling regulatory scrutiny.
Fee battle already underway as bitcoin ETFs await SEC approval (Axios)
Fresh disclosures from over 10 different bitcoin ETF hopefuls on Monday show the race to zero on fees is already well underway.
Why the New Bitcoin ETF May Not Have the Impact the Market Is ... (Nasdaq)
It is not that a spot ETF won't have a positive impact on demand for bitcoin. It obviously will, given that the fund will have to own the asset to back it, but ...
Mathematics Model Anticipates Bubbles, Crashes in Bitcoin Industry (Yu News)
By David DeFusco. Katz School mathematics researchers have developed a model that anticipates market crashes and financial bubbles in the Bitcoin industry.
Why the planned fee for Grayscale's bitcoin ETF is much higher than ... (Blockworks)
GBTC is likely to see large outflows with a swathe of potential rival products priced competitively, Morningstar research executive says.
Bitcoin ETF: Here are the 10 funds set to debut after SEC decision (Morningstar.com)
The battle for bitcoin supremacy has begun. No less than 10 fund companies have filed the necessary paperwork to launch a spot bitcoin exchange-traded fund (ETF) ...
Scoop: Bitcoin ETFs could start trading as soon as Thursday (Axios)
The 10-year wait for approval of spot bitcoin ETFs in the U.S. could come to an end this week.
Cryptoverse: Bitcoin derivatives traders bet billions on ETF future (Reuters)
Jan 9 (Reuters) - Will they, won't they? U.S. regulators are keeping crypto players on the edge of their seats as they weigh whether to give their blessing ...
Father and Son Sentenced for Laundering Drug Trafficking Bitcoin ... (Department of Justice)
Greenbelt, Maryland – U.S. District Judge Deborah K. Chasanow sentenced Joseph Farace, age 72, of Sparks, Maryland today to 19 months in federal prison, ...
Why Bitcoin, Ethereum, and Marathon Digital Jumped Today (Motley Fool)
Several major cryptocurrencies and crypto-related stocks rallied ahead of the first major deadline for the SEC to potentially approve a spot Bitcoin ETF.
Bitcoin touches $47000 for the first time since April 2022 as ... (CNBC)
Bitcoin rose to a 21-month high above $47,000 to start the week. · Key fee disclosures submitted by potential bitcoin ETF issuers bolstered investors' confidence ...
Dollar pulls back, bitcoin jumps ahead of ETF approval deadline (Reuters)
The dollar paused its rally on Tuesday, as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year on the belief that inflation in ...
Bitcoin ETF Approval Expected Soon, Bears Lose $100M (Coindesk)
Futures tracking crypto markets saw some $155 million in shorts liquidated in the past 24 hours after a sudden uptick in prices in U.S. hours.
Spot Bitcoin ETFs issuers get final deadline to change applications (crypto.news)
Companies that applied to launch a spot Bitcoin ETF were given a deadline to make any changes to their pending applications.
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