JPM - 4 Critical Bitcoin ETF Factors To Watch Ahead Of SEC's Imminent Decision | Benzinga
Nate Geraci, President of ETFStore, an investment advisor, highlighted the key areas to watch in the final stages of the Bitcoin (CRYPTO: BTC) ETF race.
Here is what investment professionals are watching and why you should be watching it too.
1. The Fee Wars: Happy Days For Cryptocurrency Investors
A full-blown "fee war" erupted on Monday morning, as the ETF applicants tried to undercut each other on their respective ETF management fees. BlackRock Inc. (NYSE: BLK), widely seen as the frontrunner among applicants, leads with a 0.20% fee for the first year or the first $5 billion. Others like ARK21 (0.25%), Bitwise (0.24%), Franklin (0.29%), Fidelity (0.39%), Wisdom Tree (0.50%), Valkyrie (0.80%) and Hashdex (0.90%) partially cut or waived fees in an effort to compete. Grayscale lowered its fee from 2% to 1.50%, distinctly higher than other applicants.
Senior Bloomberg ETF Analyst Eric Balchunas speculated whether cryptocurrency exchanges will lower their fees in an effort to compete.
2. FOMO Factor: Institutions Hold The Key To Mass Adoption
Geraci noted how industry experts have ...