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- bitcoin price rises more than 13% weekly, reaching $52,290.
- VanEck cuts HODL ETF fees to 0.20%.
- Franklin Templeton applies for a spot on the ethereum ETF.
bitcoin has surpassed $52,000, fueling speculation of a pre-halving rally. This historical pattern precedes a cut in mining rewards. bitcoin is currently trading at $52,290, up 13% over the last seven days. This rally highlights the growing anticipation and optimism among investors.
VanEck cuts HODL fee to 0.20%
To attract more investors, VanEck has reduced its ETF HODL fees from 0.25% to 0.20%. This move is part of a broader trend in which ETF providers compete fiercely in a crowded market. For example, BlackRock set the iShares ETF fee at 0.12% for the initial period. Other players like ARK Invest and Bitwise adjusted their fees to remain competitive. These fee adjustments underscore the intensifying battle between nearly a dozen bitcoin ETFs vying for investor attention.
ethereum Spot ETF: The New Frontier
The ETF landscape is expanding beyond bitcoin. Franklin Templeton recently applied for a spot on the ethereum ETF. This move puts them among other heavyweights like BlackRock, Fidelity, and Ark Invest all eyeing the ethereum market. With Coinbase Custody and Bank of New York Mellon as custodians, this application marks a significant step towards widespread adoption of ethereum ETFs. Spot ETFs are becoming the preferred choice for investors and offer solutions to the challenges of storing and protecting crypto assets.
The cryptocurrency market is undergoing major changes. The landscape is rapidly evolving from bitcoin's impressive rally to competitive fee wars between ETF providers and growing interest in ethereum ETFs. These developments indicate growing institutional acceptance and interest in cryptocurrencies, paving the way for broader adoption and investment opportunities.
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