#Fidelity Cuts Bitcoin ETF Fees#
Hot Topic Overview
Overview
Fidelity has slashed the fees on its Canadian Bitcoin ETF to 32 basis points, matching BlackRock's recent launch of a similar product in Canada with the same fee. This move makes both companies' Bitcoin ETFs the lowest-cost in the market. Fidelity's move is seen as a competitive action against BlackRock, bringing the competition from US issuers to the Canadian market.
Ace Hot Topic Analysis
Analysis
Fidelity has slashed fees on its Canadian Bitcoin ETF to 32 basis points to compete with BlackRock. The move is designed to match BlackRock's similar product launched in Canada, which also charges 32 basis points. Both companies now have the lowest fees in the market. The move is seen as a competitive move by US issuers in the Canadian market. The move also sparked attention on Reddit where Fidelity answered questions.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Fidelity cuts its Canadian Bitcoin ETF fee to 32 basis points to compete with BlackRock.
Fidelity and BlackRock's Bitcoin ETFs are now the lowest fee in the Canadian market.
Fidelity's move is likely to be an attempt to compete with BlackRock in the Canadian market.
U.S. issuers are bringing the competition to the Canadian market.