"Bitcoin ETF Issuers Engage in Fee War as SEC Reissues Crypto Warning"

Investment managers, including BlackRock, VanEck, Ark Investments/21Shares, and Bitwise, have disclosed the fees they plan to charge for their proposed spot bitcoin exchange-traded funds (ETFs) ahead of an SEC approval deadline. The fees are significantly lower than the average market rate for U.S. ETFs, with Bitwise offering the lowest at 0.24%. The SEC is expected to approve the spot bitcoin ETFs this week, marking a significant development for the industry. Grayscale's proposed ETF carries the highest fee at 1.5%. The race to launch a spot bitcoin ETF has drawn both crypto companies and traditional finance heavyweights, with hopes that it will bring in billions of dollars into the cryptocurrency market.