Fund issuers lower planned spot bitcoin ETF fees as possible launches approach

With an SEC ruling on spot bitcoin ETFs expected by Wednesday, Bitwise, WisdomTree, Invesco and Valkyrie reveal new intended fees for their planned offerings

article-image

Mike Lawrence for Blockworks

share

Bitwise and other fund groups prepping a spot bitcoin ETF decided to lower their fees ahead of the Securities and Exchange Commission’s ruling on such funds. 

A handful of issuers first revealed intended price points of their planned bitcoin funds on Monday. Some then amended their fees in updated registration statements filed roughly 24 hours later.   

Crypto-focused firm Bitwise — which had emerged as the leader Monday with the 0.24% planned fee for its bitcoin ETF — now seeks to charge 0.20% for the product, a Tuesday filing indicated.

WisdomTree, Invesco and Valkyrie are also looking to become more competitive in what industry watchers expect will be a fierce fight for assets.

Read more: Fees, liquidity, brand: The factors investors would weigh when picking a bitcoin ETF 

WisdomTree dropped the planned fee for its proposed spot bitcoin ETF fee from 0.50% to 0.30% Tuesday. A fund by Invesco and Galaxy Digital would now charge 0.39%, down from 0.59%.

Meanwhile Valkyrie, which revealed a higher-than-most fee of 0.80% on Monday, disclosed a new intended fee of 0.49% in its latest registration statement.

The SEC could still block such products from launching, as it has done over the years. A decision on these funds is expected by tomorrow. 

The price updates come after The ETF Store president Nate Geraci told Blockworks the low planned fees disclosed Monday “speaks to how brutally competitive this category will be.” He noted that the price levels show that investors — should these funds be approved — are “the clear winners.”

Proposed products by BlackRock, Fidelity, Franklin Templeton, VanEck, as well as one by Ark Invest and 21Shares, appear poised to carry the same fee they revealed Monday — ranging from 0.25% to 0.39%. BlackRock’s planned fund would charge 0.20% for the first $5 billion of the fund’s assets, before increasing to 0.30%.     

Grayscale Investments — whose spot bitcoin ETF would have the highest fee, at 1.5% — also kept that price point, a Tuesday disclosure shows.


Start your day with top crypto insights from David Canellis and Katherine Ross. Subscribe to the Empire newsletter.

Explore the growing intersection between crypto, macroeconomics, policy and finance with Ben Strack, Casey Wagner and Felix Jauvin. Subscribe to the Forward Guidance newsletter.

Get alpha directly in your inbox with the 0xResearch newsletter — market highlights, charts, degen trade ideas, governance updates, and more.

The Lightspeed newsletter is all things Solana, in your inbox, every day. Subscribe to daily Solana news from Jack Kubinec and Jeff Albus.

Tags

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 18 - 20, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Flashnote Template (6).png

Research

Trading of the President's TRUMP memecoin sent the market capitalization to over $15B, resulting in all-time highs for Solana’s Real Economic Value, DEX volumes, and stablecoin supply. This event further validates Solana as the venue for high-throughput onchain activity, with Solana DEXs and DeFi applications as primary beneficiaries, while also signaling to further experimentation, utilization, and adoption of memecoins as legitimate financial instruments for speculation, crowdfunding, or capital formation. President Trump’s continued willingness to experiment in crypto reaffirms a highly-favorable political and regulatory climate for the industry.

article-image

A comparison of Trump and Biden’s crypto executive orders

article-image

Can THORChain weather the RUNE liquidity crisis?

article-image

Jambo’s James Zhang talked to Empire about potential future fundraising and whether or not he considers Jambo a DePIN

article-image

Perhaps it’s not an official US crypto stockpile, but World Liberty Fi is definitely accumulating

article-image

The lawsuit illustrates a tension between the ethos of the open-source crypto world and the reality of doing business with institutions

article-image

CME Group’s inadvertent glimpse into possible product plans comes as crypto ETF filings have accelerated in recent weeks