Bloomberg analysts: 7 of 10 upcoming ETFs have introduced fee reductions
Bloomberg analyst James Seyffart said that out of the 10 ETFs that are about to be launched, 7 have reduced fees, and some even waive fees completely within 6 to 10 months. This indicates that these issuers have high expectations for competition, which will be a battle to raise assets. Seyffart added that many issuers who are competing with Ethereum have already gone through similar tests, and their Bitcoin funds were launched earlier this year. Data compiled by Bloomberg shows that these ETFs attracted widespread attention when they debuted in January, with a total net inflow of $16.5 billion. BlackRock's Bitcoin ETF, with the stock code IBIT, has performed well and currently has assets under management of about $21 billion.
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