Franklin Templeton's Bitcoin ETF: Fee Slashed to 0.19%

Franklin Templeton's Bitcoin ETF becomes the cheapest with a reduced fee of 0.19% of net assets, making it the lowest among new investment products, while Grayscale's bitcoin fund (GBTC) saw its discount to net asset value shrink to 0% after receiving approval from the U.S. Securities and Exchange Commission (SEC) to convert into a spot bitcoin exchange traded-fund (ETF). UBS will allow some clients to trade bitcoin ETFs under certain conditions, and the ether-bitcoin ratio has risen to its highest level since November 13, likely due to expectations of Ethereum's native token being the next candidate for spot ETF approval in the U.S.