Bloomberg Analyst: Bitcoin ETF Will Enter Fee War

Bloomberg Senior ETF Analyst Eric Balchunas wrote that Schwab just announced they are cutting fees on their TIPS bond ETF and high-yield ETF to 3 basis points (to match the rest of their portfolio). Amazingly, the H/Y fund's fee is 3 basis points, which is lower than the SPDR's recent cut to 5 basis points. I think this could be the bottom. For all my new (or old) cryptocurrency followers, this is a prime example of the kind of brutal fee war you'll see in Bitcoin ETFs. Issuers are living in hell so investors can get to heaven, and cryptocurrency exchanges will lose business. As previously reported, SEC-registered investment advisor Roundhill Investments revealed that its Ethereum Futures ETF (ETHX) has a management fee of 0.19%. Grayscale's CEO stated that management fees will definitely be reduced when the Grayscale Bitcoin Trust (GBTC) converts to a spot Bitcoin ETF. Currently, GBTC has an annual management fee of 2%.