This Is Like Black Friday, but for Bitcoin ETFs…
TL;DR
Full Story
Usually if you hear the time period “race to the underside,” it suggests one thing dangerous is about to occur…
However on this case, it means the other!
ICYMI: About 2 weeks in the past we wrote about how folks may benefit from Bitcoin with out truly proudly owning BTC themselves.
One of many choices was to buy shares in an Change Traded Fund (ETF), the lengthy awaited funding product that racked a collective $4.6B in buying and selling quantity at launch final week.
Which is superior!
However, right here’s what’s cooler:
There’s sturdy competitors between the corporations that host these Bitcoin funds.
(And competitors between companies = higher costs for shoppers).
Every of the 11 corporations that issued a BTC ETF final week at the moment are trying to beat out their competitors by boasting the bottom charges in the marketplace.
(Some are even providing no charges for the primary 6 months).
As of this writing, the most effective deal you may get is from the Franklin Templeton Bitcoin ETF, which a hard and fast payment of 0.19%, adopted carefully by ARK with a payment of 0.20%.
So yeah, sucks to be a Bitcoin ETF issuer proper now.
…however that’s a terrific factor for the investing public.
