Posted on 01/08/2024 4:31:20 AM PST by McGruff
BlackRock (BLK.N) has set a fee of 0.30% for its planned spot bitcoin exchange-traded fund, which is notably lower than those charged by some peers.
The asset manager disclosed the fee for its iShares Bitcoin Trust on Monday. In comparison, Valkyrie Investments and Fidelity are charging fees of 0.80% and 0.39%, respectively, for their planned spot bitcoin ETFs.
The bitcoin ETF race has heated up with more than a dozen participants, including crypto natives such as Grayscale and traditional finance heavyweights including BlackRock (BLK.N), vying for a slice of the market share.
(Excerpt) Read more at reuters.com ...
I wouldn’t do business with them for all the bitcoin in the world.
Anyone who would buy a BTC ETF really doesn’t understand Bitcoin at all.
Nobody understands Bitcoin because it’s a scam.
As are ETFs.
Anybody putting money in these grifts deserves to lose it.
There is money to be made and "value" for some period of time.
At some point in time that "value" will go to zero.
That could be as you read this or many years from now.
Whenever people realize it is vapor with nothing tangible to back it up.
Sort of like the US dollar right now.
Yeah, that's me alright..
bitcoin exchange-traded fund (ETF) is a financial product that allows investors to gain exposure to the price movements of bitcoin without actually holding the asset itself.
Shares of a bitcoin ETF are traded on traditional stock exchanges, making it easier for traditional investors to participate in the cryptocurrency market.
Bitcoin BTC +1.66%
ETFs have generated significant interest from both retail and institutional investors as they offer a more convenient and regulated way to invest in bitcoin. They can be particularly attractive to investors who are hesitant to directly purchase and manage cryptocurrencies due to concerns about security, regulatory issues or technical complexities.
Currently there are no spot bitcoin ETFs in the U.S., as the Securities and Exchanges Commission has frustrated efforts to launch them, but there are ETFs tied to bitcoin futures.
BTW, a bitcoin value for today is 45,081.50 and falling
What is GBTC? It has been around for a while now.
Its part of the ongoing war against Bitcoin. All the financiers and governments wanting to bring in CBDCs to have total control over people know they must first destroy crypto which is independent and beyond the control of any government.
The reference is to the expense charged to the fund. The .30 percent means that for every $10,000 invested the fund will cost you $30 per year while the others would be about $80.
Actually, you just proved you don’t understand it.
You give the standard gibberish of Bitcoin defenders - block chain, etc., etc.
There is no value behind a Bitcoin, other tha some geek promise to pay you back for it, and a transaction process that if it expands will tie up computers and the internet totally.
You don’t own a Bitcoin, you own a Dutch tulip.
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