Cryptocurrency Q&A
Which bitcoin ETF has the lowest ongoing fee?
Which bitcoin ETF has the lowest ongoing fee?
Elena
Sun Jul 07 2024
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5 answers
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In the realm of cryptocurrency investing, the question of which Bitcoin ETF boasts the lowest ongoing fee is a pertinent one for investors seeking to maximize their returns. Among the various Bitcoin ETFs available, Franklin Templeton stands out as having reduced its fee to a mere 0.19%, making it the most cost-effective option in the market. This fee reduction is significant, especially when compared to other ETFs such as Bitwise and Grayscale, which have higher ongoing costs. Moreover, Franklin Templeton is even waiving the ETF fees until the fund's assets under management reach $10 billion, further sweetening the deal for investors. Given these factors, it is evident that Franklin Templeton's Bitcoin ETF offers investors the most competitive fee structure in the current market.
5 answers
Giulia
Mon Jul 08 2024
Among the various ETFs offering fee waivers, six bitcoin ETFs will initially launch with a 0.00% fee. This means that investors can gain exposure to the bitcoin market without paying any upfront fees.
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EnchantedMoon
Mon Jul 08 2024
The Bitwise Bitcoin ETF stands out with its ongoing fee of just 0.20%, making it one of the lowest-cost options in the market.
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BlockchainLegendary
Mon Jul 08 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive range of services to its clients. These include spot trading, futures trading, and a secure digital wallet for storing cryptocurrencies.
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Lucia
Mon Jul 08 2024
Despite its low-fee tag, Bitwise's ETF faces competition from other major players in the industry. ETFs from ARK, Fidelity, VanEck, and iShares all boast fees within 5 basis points of Bitwise's ETF.
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Paolo
Mon Jul 08 2024
To further entice investors, issuers of these ETFs have employed fee waivers as a strategy to attract assets. This tactic allows investors to enter the market with reduced upfront costs.
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