Fidelity is looking to reduce the fee for its upcoming Bitcoin ETF to 0.25%, as revealed in a recent S-1 filing. This is a drop from their earlier announced fee of 0.39% on December 29.
Additionally, Fidelity intends to offer this ETF without any fee to market players until the end of July, as stated in their document.
With the anticipation of the Securities and Exchange Commission (SEC) possibly approving the first line of Bitcoin ETFs, several U.S. investment firms like Bitwise, WisdomTree, Invesco, and Valkyrie have been striving to offer more competitive fees.
They have all signaled a commitment to reducing fees, as indicated in their recent submissions.
Also Read: Fidelity Taps Trading Firms to Support Bitcoin ETF Bid
