The Securities and Exchange Commission's approval of Bitcoin exchange-traded funds has led to a competitive market with a variety of fee structures. The Bitwise Bitcoin ETF offers the lowest expense ratio at 0.20%, with the Ark21Shares Bitcoin ETF and the iShares Bitcoin Trust following closely. Other crypto-focused asset managers are also pricing their ETFs at a premium, with the Hashdex Bitcoin ETF at 0.94% and Valkyrie charging 0.49% for its fund BRRR, albeit with a temporary waiver. These fees are higher compared to broad stock index funds but competitive with major commodity funds.
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00:00 It's Benzinga and here's what's on the block. The Securities and Exchange Commission's approval
00:04 of Bitcoin exchange-traded funds has led to a competitive market with a variety of fee structures.
00:10 The Bitwise Bitcoin ETF offers the lowest expense ratio at 0.20%, with ARK21 shares' Bitcoin ETF and
00:17 the iShares Bitcoin Trust falling closely. Other crypto-focused asset managers are also pricing
00:22 their ETFs at a premium, with the Hashtag's Bitcoin ETF at 0.94% and Valkyrie charging 0.49%
00:30 for its fund VRRR, Albalete with a temporary waiver. These fees are higher compared to the
00:36 broad-stock index funds, but competitive with major commodity funds. Grayscale CEO Michael
00:41 Sonenshin justifies the higher fees due to the firm's specialized experience in handling the
00:46 complexities of crypto-based products, contrasting with other managers who are new to such challenges.
00:51 For all things money, visit Benzinga.com
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