Many crypto and asset management industry professionals now expect the first so-called spot bitcoin funds to launch in 2024 .
The number of firms jockeying for a spot bitcoin ETF has already broken into double digits, and it's still growing.
The largest bitcoin futures ETF, the ProShares Bitcoin Strategy ETF (BITO) , has an expense ratio of 0.95%.
Valkyrie has a Bitcoin Strategy ETF (BTF) that holds futures and has also applied to launch a spot product.
He pointed to a Roundhill Ether Futures ETF filing with a proposed 0.19% fee as a more realistic target.
Persons:
Franklin Templeton, Steven McClurg, we're, else's, McClurg, Ric Edelman, Bryan Armour, Armour
Organizations:
Securities, Exchange Commission, BlackRock, Valkyrie Investments, Digital Assets, Financial Professionals, North America, Morningstar, Fidelity
Locations:
BlackRock, Invesco