Among the 13 applicants for Bitcoin spot ETFs, only six have disclosed their management fee rates, with Fidelity having the lowest rate

ChainCatcher news, according to CoinDesk, as the approval expectations for Bitcoin spot ETFs (Exchange-Traded Funds) may arrive early next week, currently only six of the 13 applicants have publicly disclosed their management fees. The fees, also known as the expense ratio, will play a key role in the race for Bitcoin ETF popularity, as all funds will hold the same asset, namely Bitcoin. Fees will become a critical factor in distinguishing these funds.

It is reported that Fidelity offers the lowest fee at 0.39%, while Invesco and Galaxy announced a complete waiver of fees for the first six months and the first $5 billion in assets, after which a fee of 0.59% will be charged. Ark and 21Shares, along with Valkyrie, plan to charge 0.80%.

According to analysis, the expense ratio is extremely important in this specific category, and the fees of other large asset managers like BlackRock have not yet been disclosed, but are expected to be between 0.40% and 0.80%.