"Asset Giants Bet on Crypto Growth as ETF Approvals and Price Surges Anticipated"

Fidelity has set a competitive fee of 0.39% for its upcoming Bitcoin ETF as the industry anticipates the SEC's approval of the first Bitcoin ETFs. With the SEC's stance softening after a court victory by Grayscale in 2023, issuers like Fidelity and Galaxy/Invesco are preparing for launch, naming authorized participants and detailing fee structures. The SEC's expected approvals have sparked a Bitcoin price rally, with the cryptocurrency reaching its highest price since April 2022.