#Fidelity Cuts Fees on Bitcoin ETF#
Hot Topic Overview
Overview
Fidelity has cut the fees on its Canadian Bitcoin ETF to 32 basis points, matching the fee charged by BlackRock's similar product in Canada, making it the cheapest Bitcoin ETF on the market. This move is seen as a response to BlackRock's entry into the Canadian market and highlights the intense competition among U.S. issuers in the Canadian market.
Ace Hot Topic Analysis
Analysis
Fidelity has lowered the fees on its Bitcoin ETF in Canada to 32 basis points, matching the fee of BlackRock's comparable product. This move is seen as a competitive move against BlackRock, which recently launched a Bitcoin ETF in Canada at 32 basis points. Both firms now have the lowest fees in the market. Fidelity's move is seen as a competitive move by a US issuer into the Canadian market. Fidelity has been interacting with users on Reddit, answering questions about the move.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Fidelity cuts fees on its Canadian Bitcoin ETF to 32 basis points to compete with BlackRock.
Fidelity and BlackRock's Bitcoin ETFs are now the cheapest in the market.
Fidelity's move is aimed at competing with BlackRock in the Canadian market.
US issuers are bringing the competitive action to the Canadian market.