区块链与数字货币

‘Ruthless’ bitcoin ETF fee war looms after Van Eck filing

Asset manager’s planned launch will significantly undercut ProShares’ BITO and Valkyrie’s BTF

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A potentially “brutal” price war for US-listed bitcoin exchange trade funds could kick off as soon as Monday, less than a week after the launch of the first such vehicle.

Van Eck has lodged a filing with the US Securities and Exchange Commission to launch its Bitcoin Strategy ETF (XBTF) “as soon as practicable” and signalled that it will charge a management fee of just 65 basis points.

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