Some Bitcoin ETF issuers will pull their funds as the tussle for market share and low fees heats up, while investors reap the rewards in the meantime, say analysts.
The cutthroat battle to become the top United States spot Bitcoin exchange-traded fund (ETF) issuer could see many of the listed ETFs today eventually shut down due to lack of profits.
According to analysts, the Bitcoin (BTC) ETF fee war may have shut out smaller issuers from joining the race. However, a silver lining is that investors end up as the “biggest winners” due to falling fees.
“Most of the current ETFs launched will never even break even as costs will only work if they get to billions of assets under management, which they won’t,” Hector McNeil, the co-CEO and founder of white-label ETF provider HANetf, told Cointelegraph.
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Source: https://cointelegraph.com/news/bitcoin-etf-fees-mean-many-issuers-wont-break-even