Bitcoin ETF Fee War Intensifies as Franklin Templeton Undercuts Bitwise

BlackRock, VanEck, and Other Issuers Refile S-1 Forms as SEC Decision Looms

• Franklin Templeton has undercut Bitwise's spot bitcoin ETF fee, setting a new low of 0.19% for its Franklin Bitcoin ETF.
• The financial services giant is also set to waive the fund fee until Aug. 2, up to $10 billion in fund assets.
• BlackRock, VanEck, and other issuers have refiled their S-1 forms, suggesting efforts to get their spot bitcoin ETFs to market are not slowing down.
• Ahead of the SEC's ruling on spot bitcoin ETFs, several fund groups including Bitwise, WisdomTree, Invesco, and Valkyrie have decided to lower their fees.
• The SEC is expected to make a decision on the Ark 21Shares Bitcoin ETF proposal on Wednesday, and potential approval could extend to 11 potential bitcoin ETFs.

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