It has been reported the fact that BlackRock’s website for their spot Bitcoin ETF is now online. Check out more about this and people’s opinions below.
BlackRock’s website for spot BTC ETF is online
Here is the post on X:
JUST IN: BlackRock's website for their spot #Bitcoin ETF officially comes online. pic.twitter.com/FmH81CZEKa
— Bitcoin Magazine (@BitcoinMagazine) January 10, 2024
Someone commented: “BlackRock’s involvement in Bitcoin is risky.”
The crypto space takes a giant leap as @BlackRock launches its #Bitcoin ETF, bringing mainstream financial structures to the digital asset world. A significant nod to Bitcoin's growing acceptance and potential for diversified investment strategies! 🌐 #Investing #Crypto pic.twitter.com/MZwV8tFgjX
— The X-plorer (@LedgerLogic1337) January 10, 2024
Just in case you missed this, you might want to check this below:
BREAKING: SEC Approves All 11 Spot Bitcoin ETFs
Grayscale Bitcoin Trust
Bitwise Bitcoin ETF
Hashdex Bitcoin ETF
iShares Bitcoin Fund
Valkyrie Bitcoin Fund
ARK 21Shares Bitcoin ETF
Invesco Galaxy Bitcoin ETF
Vaneck Bitcoin Trust
WisdomTree Bitcoin Fund
Fidelity Wise Origin… pic.twitter.com/kPpxgTl5B8— Altcoin Daily (@AltcoinDailyio) January 10, 2024
The other day, we revealed the fact that BlackRock has decreased the sponsor fee for its proposed Bitcoin ETF from 0.3% to 0.25% due to the increasing competition in the market.
The company has also lowered the temporary discount from 0.2% to 0.12% for the first $5 billion of assets in the initial 12 months post-launch. This information has been disclosed in the S-1 form that was filed today.
“LOWER: BlackRock has just cut the fee on its spot Bitcoin BTC -2.21% ETF to 0.25% (and 0.12% for the first $5b). They really going for the jugular here, looking to crush the others [before] they even born, just brutal.
ARK has also cut to 0.21%. Bitwise [currently] low at 0.20%. Terrordome life,” said Bloomberg ETF analyst Eric Balchunas on X. Ark Invest/21Shares and Bitwise have both cut their fees for their competing products.
Stay tuned for more exciting news from the crypto industry.
