#Fidelity Cuts Fees on Bitcoin ETF#
Hot Topic Overview
Overview
Fidelity has lowered the fee on its Canadian Bitcoin ETF to 32 basis points, matching BlackRock's fee, which recently launched a Bitcoin ETF in Canada at 32 basis points. This makes Fidelity and BlackRock's Bitcoin ETFs the cheapest in the market. The move is seen as a competitive action against BlackRock, bringing competition to the Canadian market.
Ace Hot Topic Analysis
Analysis
Fidelity has slashed the fees on its Canadian Bitcoin ETF to 32 basis points, in a bid to compete with BlackRock. The move comes as BlackRock is set to launch a similar product in Canada, also charging 32 basis points. This brings both Fidelity and BlackRock's fees to the lowest in the market. The competitive move indicates that U.S. issuers are setting their sights on the Canadian market and seeking to grab market share. Fidelity's move also reflects its commitment to the Bitcoin ETF market and its desire to attract more investors through lower fees.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Fidelity cuts its Canadian Bitcoin ETF fee to 32 basis points, matching BlackRock's fee.
Fidelity and BlackRock's Bitcoin ETFs are now the lowest-cost in the market.
Fidelity's move may be an attempt to compete with BlackRock and attract more investors.
The US issuers are bringing competitive action to the Canadian market.