A raft of investment managers disclosed the fees they plan to charge for their proposed spot bitcoin exchange-traded funds (ETF), in another step toward approval this week by the U.S. securities regulator.
Their rates were well below the average rate that analysts had anticipated and that even some issuers had indicated would be the range.
A spot crypto ETF would track the market price of the underlying crypto asset, giving investors exposure to the token without having to buy the currency. Euphoria around an approval has helped bitcoin, the world's largest and best-known digital asset, rally in recent months.
The SEC, which has previously denied all spot bitcoin ETF applications citing potential for fraud, is expected to announce its decision as early as this week.
Here are the fees disclosed by the companies:
Source: Regulatory filings with the U.S. SEC
