#Fidelity Cuts Bitcoin ETF Fees#
Hot Topic Overview
Overview
Fidelity has lowered the fees on its Bitcoin ETF in Canada to 32 basis points, matching the fee of BlackRock's similar product, which BlackRock recently launched in Canada at 32 basis points. This move makes the fees of both companies the lowest in the market. Fidelity's move is seen as a response to BlackRock's competition in the Canadian market and is also a sign of the intense competition among US issuers in the Canadian market.
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 launched in Canada. The move is seen as an attempt to compete with BlackRock, with both companies now offering the cheapest Bitcoin ETFs on the market. The move is seen as US issuers bringing their competitive actions to the Canadian market. Fidelity's move has drawn attention, with the company engaging with users on Reddit to answer questions about the rate adjustment.
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's move is aimed at competing with BlackRock's similar product launched in Canada, both now have the lowest fees in the market.
Fidelity's move could mean US issuers are bringing competition to the Canadian market.
Fidelity's move is a sign of the intense competition in the Bitcoin ETF market.