"BlackRock, ARK, and 21Shares Slash Bitcoin ETF Fees Amid SEC Account Compromise"

BlackRock and ARK 21Shares have both reduced the fees for their proposed Bitcoin ETFs in anticipation of the U.S. Securities and Exchange Commission (SEC) potentially approving a spot bitcoin exchange-traded fund. BlackRock will now charge 25 basis points on net asset value, with a promotional rate of 12 basis points for the first $5 billion during the first 12 months after listing. ARK 21Shares reduced its fee to 0.21% and is waiving the fee entirely for the first six months or the first $1 billion in assets. Other contenders, including Bitwise and Valkyrie, have also announced reduced fees, with Bitwise maintaining the lowest fee at 0.20%.