Competition among bitcoin exchange-traded fund issuers has heated up as companies reduce fees in order to attract investors ahead of a regulatory decision. BlackRock Inc. has lowered the fee on its proposed iShares ETF to 0.25% and introduced a special offer of 0.12% for the first 12 months or for the first $5 billion in assets. Ark Investment Management’s ETF with 21Shares will now have a fee of 0.21%, down from its previous proposal. Other hopefuls, including Invesco, Valkyrie, and WisdomTree, have also reduced their fees. Bitwise remains the cheapest option at 0.20%. The SEC is expected to make a decision on bitcoin ETF applications soon, with industry experts predicting approval for multiple issuers simultaneously. Approval of a bitcoin ETF is eagerly anticipated by crypto investors as it could make digital assets more appealing to mainstream investors. A false post on the SEC’s X account claiming approval of Bitcoin ETFs caused price fluctuations in the token. Bitcoin’s price was around $44,900 on Wednesday, down from a high of $47,914 on Tuesday.
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