"Bitcoin ETF Approval Anticipation Spurs Market Movements and Fee Considerations"
As the approval of spot bitcoin ETFs looms, the management fees announced by applicants are becoming a focal point for investors. With all ETFs holding the same asset, bitcoin, the expense ratio is a key differentiator. Invesco and Galaxy have introduced a temporary fee waiver, while Fidelity offers the lowest ongoing fee at 0.39%. Industry experts believe that fees will be a critical factor in the competitiveness of these ETFs, with BlackRock's anticipated fee level being a particularly important development given its market influence.