The race to become the first spot Bitcoin ETF approved by the US Securities and Exchange Commission continues in full force.
A number of filers, including the world's largest asset manager BlackRock, have filed amendments to their S-1 registration statements under the country's Securities Act.
The latest round of changes occurred today, January 8th. The iShares Bitcoin Trust (BlackRock's) proposed a sponsorship fee of 0.30%. This fee is charged on the Net Asset Value of the Trust and is payable at least quarterly – in USD.
Reported fees for other ETF applicants include:
- 0.25% for VanEck
- 0.5% for WisdomTree
- 0.25% for Ark/21 shares – down from 0.8%
Remember that the SEC has until January 10th to decide whether or not to approve applications for a spot Bitcoin ETF.
Analysts and polls appear to be torn as to whether the decision will be positive. As CryptoPotato recently reported, most financial advisors expect Bitcoin ETFs to be rejected, according to a Bitwise-approved survey.
On the other hand, Bloomberg's Eric Balchunas said on Saturday that the likelihood of approval had risen to over 90%, while Polymarket speculators had bet on an 85% probability.
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