📊 Bloomberg ETF analyst James Seyffart anticipates the approval of the BTC spot ETF on January 10th (local time) and its launch on the 11th, stating, "It will happen." Here is a summary of the issuer and management fees for various BTC spot ETFs based on the revised versions of their securities reports submitted to the SEC:
1. Bitwise: 0.20% (fee exemption for 6 months after launch or until $1 billion in AUM is achieved)
2. Ark-21 Shares: 0.25% (fee exemption for 6 months after launch or until AUM reaches $1 billion)
3. Invesco-Galaxy: 0.39% (fee exemption for 6 months after launch or until $5 billion in operating assets)
4. BlackRock iShares: 0.30% (0.20% for 12 months after launch or until $5 billion in operating assets)
5. Van Eck: 0.25%
6. Franklin Templeton: 0.29%
7. Wisdom Tree: 0.30% (fee exemption until $1 billion in AUM after launch)
8. Fidelity: 0.39%
9. Valkyrie: 0.49% (management fee exemption for 3 months after launch)
10. Hashdex: 0.90% (Note: Did not submit an amendment on January 9th)
11. Grayscale: 1.5%
These fees vary among different BTC spot ETFs seeking approval. 🚀💱 #BTCSpotETF #ETFManagementFees 📈💼