Ark and 21Shares’ Bitcoin ETF disclosure plan has a fee of 0.95%

According to the Financial Times, analysts said that Cathie Wood’s Ark Investment Company has set standards for the fees of its Bitcoin ETF. Disclosure information shows that the proposed ETF will pay a uniform fee of 95 basis points to the promoter, 21Shares, a provider of exchange-traded products based in Switzerland. And 21Shares will pay all operating expenses from this fee. Analysts said that the expense ratio of the ETF will likely match the sponsor’s expense.
Earlier news, Cathie Wood’s Ark Investment has cooperated with 21Shares AG, a Swiss crypto exchange traded product (ETP) issuer, to submit a joint application to the US Securities and Exchange Commission to launch a Bitcoin exchange ETF. If approved, ARK and 21Shares AG Bitcoin ETF will be traded on the Chicago Board of Options Exchange BZX exchange.
Note: The Purpose Bitcoin ETF was launched in February of this year with an expense ratio of 100 basis points; the Evolve Bitcoin ETF was launched a day later with a fee of 75 basis points. At the same time, Canada’s third Bitcoin ETF, the CI Galaxy Bitcoin ETF, was launched in March with a fee of 40 basis points.