SPOT BITCOIN ETF APPLICANTS RACE TO THE BOTTOM FOR FEES

Summary from the TLDR Crypto newsletter

Spot bitcoin ETF applicants, including BlackRock, Fidelity, and VanEck, are competing on fees to gain market share if approved. Bitwise leads with zero fees initially, then 0.24%, followed by Ark/21Shares with similar terms and a 0.25% fee. BlackRock offers fees as low as 0.2%, increasing later, while other firms like VanEck, Fidelity, and Invesco/Galaxy have varying fee structures.