Final Amendments Submitted by All Spot Bitcoin ETF Applicants

• Potential Approval of Spot Bitcoin ETF by Various Asset Management Firms
• List of Asset Management Firms Applying for Spot Bitcoin ETF
• Fees to Be Charged by Asset Management Firms for Spot Bitcoin ETF

Potential Approval of Spot Bitcoin ETF by Various Asset Management Firms

Recent reports indicate that 11 asset management firms, controlling assets worth trillions of dollars, have submitted their final S-1 amendments for the Spot Bitcoin$42,260 -0.64% ETF. The U.S. Securities and Exchange Commission (SEC) may give its approval for the Spot Bitcoin ETF in January 2024. Bloomberg reports suggest a 95% likelihood of the Bitcoin ETF receiving approval by week's end.

List of Asset Management Firms Applying for Spot Bitcoin ETF

The asset management firms that have submitted their Spot Bitcoin ETF S-1 final amendments include BlackRock, Grayscale, ArkInvest, Fidelity, Franklin$0.0015 -3.24%, VanEck, Valkyrie, Bitwise, Hashdex, WisdomTree, and Invesco Galaxy. Most of these firms have submitted their final amendments, with the remaining in the filing process.

Fees to Be Charged by Asset Management Firms for Spot Bitcoin ETF

The leading asset management firms plan to offer Spot Bitcoin ETF services to their institutional clients at affordable rates, charging minimal fees. The specifics of these fees will vary among the firms, but one can expect competitive rates due to the size and stature of these organizations.

Grayscale, given the magnitude of its asset management, may charge relatively low BTC ETF fees. The same anticipation applies to Franklin and Bitwise, with the BTC ETF fee likely falling below a 0.9% markup.

Edited by Jonathan Stoker