#Fidelity Cuts Fees for Bitcoin ETF#
Hot Topic Overview
Overview
Fidelity has lowered its fees on its Canadian Bitcoin ETF to 32 basis points, matching the fees of BlackRock's similar product. This move comes as a bid to compete with BlackRock's newly launched Bitcoin ETF in Canada, with both firms now boasting the cheapest Bitcoin ETFs on the market. This move is seen as a competitive move by US-based issuers in the Canadian market, and has also drawn attention to Fidelity's engagement with users on Reddit and their responses to questions.
Ace Hot Topic Analysis
Analysis
Fidelity has slashed the fees on its Canadian Bitcoin ETF to 32 basis points, matching the fee charged by BlackRock's equivalent product. This move comes as Fidelity's response to BlackRock launching its own Bitcoin ETF in Canada, which also has a fee of 32 basis points. As it stands, Fidelity and BlackRock's Bitcoin ETFs are the cheapest on the market. This competitive action signals that US issuers are bringing competition to the Canadian market. Fidelity engaged with users on Reddit, answering questions about its fee reduction.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Fidelity cuts Canadian Bitcoin ETF fees to 32 basis points to compete with BlackRock.
Fidelity and BlackRock's Bitcoin ETFs are now the cheapest in the market.
Fidelity's move is likely an attempt to compete with BlackRock in the Canadian market.
U.S. issuers are bringing the competitive action to the Canadian market.