Bitcoin ETF Applicants Revealed Details for Initital Funding Amount and Fee Structure

Bitcoin ETF Applicants Revealed Details for Initital Funding Amount and Fee Structure

Prospective spot Bitcoin ETF issuers revealed details about initial funding amounts in the latest submitted S-1 forms.

VanEck has seeded its potential spot bitcoin ETF with $72.5 million, and BlackRock has seeded its potential ETF with $10 million. Bitwise has seeded with $500,000, but Pantera Capital has said it is interested in putting $200 million into the fund if approved.

The newly submitted S-1 forms also provided final details about respective fee structures. Multiple providers are offering zero fees for an initial limited amount of time, with Bitwise offering the lowest fixed fee of 0.24%. Ark/21Shares was right behind it at 0.25%, and BlackRock was not far off at 0.3%.

Source

Bitcoin

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