#Fidelity Cuts Fees on Bitcoin ETF#

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Overview

Fidelity has slashed its fees on its Canadian Bitcoin ETF to 32 basis points, matching the fee of BlackRock's comparable product. This move is seen as a bid to compete with BlackRock, which recently launched a Bitcoin ETF in Canada with a fee of 32 basis points. Now, both Fidelity and BlackRock's Bitcoin ETFs have the lowest fees in the market. This move is seen as a competitive move by U.S. issuers in the Canadian market.

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Analysis

Fidelity has slashed the fees of its Canadian Bitcoin ETF to 32 basis points, matching the fee of BlackRock's comparable product launched in Canada. This move is intended to compete with BlackRock, with both firms now having the cheapest Bitcoin ETFs on the market. The move by Fidelity is seen as a competitive action by US issuers in the Canadian market. Fidelity interacted with users on Reddit to answer questions regarding its fee adjustment.

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Fidelity cuts Canadian Bitcoin ETF fees to 32 basis points, matching BlackRock's fee.

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This is a move by Fidelity to compete with BlackRock, with both firms now having the cheapest Bitcoin ETFs in the market.

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Fidelity's move brings competition to the Canadian market and could prompt similar moves by other U.S. issuers.

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Fidelity interacted with users on Reddit, answering questions about the fee cut.

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