As the cryptocurrency market awaits the Securities and Exchange Commission’s final approval, BlackRock, Fidelity, and other applicants to list a spot bitcoin exchange-traded fund (ETF) in the United States have disclosed their listing fees.
According to BlackRock’s final S-1 filing, the charge will begin at 20 basis points and increase to 30 bps after a fund of $5 billion is invested over the course of the first 12 months.
Fidelity disclosed a fee of 0.39%, while asset management VanEck and Cathie Wood’s investment business, ARK, both declared costs of 0.25%. The announcement caused Invesco and Galaxy Bitcoin to rise just above $44,700.